Technical correction in the stock markets | 22 Agustus 2019
22 Agustus 2019, USD/JPY
USDJPY trading plan:
A technical correction in the stock markets will have a negative impact on the value of USDJPY. Investors take profits on long positions in stock markets after five days of bullish rally. USDJPY has a strong correlation with American and Asian stock indices. The unrest in Hong Kong continues for 11 weeks, forcing investors to withdraw capital from the Asian region. We are expecting a moderate technical correction, after which the bullish trend in the stock markets will continue. Lower interest rates of the Federal Reserve and the European Central Bank in September, will have a positive impact on equity markets!
Trading recommendation: range 106.10 -106.77.
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.
