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Positive signal for the U.S

Positive signal for the U.S | 06 March 2019

06 March 2019, USD/JPY

Positive signal for the U.S

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.

David Johnson
Analyst of «FreshForex» company
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