Positive signal for the U.S | 06 Maret 2019
06 Maret 2019, USD/JPY
USDJPY trading plan:
Fears for the growth prospects of the U.S. economy did not come true! The Institute of Supply Management said its non-manufacturing purchasing managers’ index rose to 59.7 from 56.7 in January. ISM chair Anthony Nieves explained in the report: “respondents are concerned about the uncertainty of tariffs, capacity constraints and employment resources; however, they remain mostly optimistic about overall business conditions and the economy.” This report indicates strong U.S. GDP growth. This is a positive signal for the U.S. currency!
Trading recommendation: Buy 111.71 and take profit 112.18.
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.
