The bullish rally on the stock markets | 22 Januari 2020
22 Januari 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally on the stock markets that will have a positive impact on the value of USDJPY. Asian stock markets are showing an uptrend today. Hong Kong’s Hang Seng Index climbed 0.9%, Japan’s Nikkei 225 advanced 0.55%. South Korea’s KOSPI gained 0.7% after the Bank of Korea said Wednesday the country’s economy grew 1.2% on a seasonally adjusted basis in the fourth quarter as compared with three months earlier. That was the fastest expansion since the third quarter of 2017.
Trading recommendation: Buy 109.95 and take profit 110.30.
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.
