The bullish rally on the U.S. stock market | 27 Julio 2021
27 Julio 2021, USD/JPY
USDJPY trading plan:
The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY, since the assets are correlated with each other. Continued optimism about second-quarter earnings has helped offset recent concerns over the market impact of the Delta variant of COVID-19. The vast majority of second-quarter earnings so far have beaten traders’ expectations. Advancing issues outnumbered declining ones on the NYSE by a 1.22-to-1 ratio. The S&P 500 posted 46 new 52-week highs and no new lows. This is a strong signal!
Investment idea: buy 110.00 and take profit 110.50.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
