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Positive macroeconomic statistics

Positive macroeconomic statistics | 02 April 2019

02 April 2019, USD/JPY

Positive macroeconomic statistics

USDJPY trading plan:

I'm waiting for a “bull rally” in this currency pair! The United States pleases investors with positive macroeconomic statistics! The Institute of Supply Management said its manufacturing purchasing managers' index rose to 55.3 in March from 54.2 the previous month. February’s reading had been its lowest level since November 2016. The employment index rose to 57.5 from 52.3 - this is a strong result! This report indicates a high rate of employment growth. We can see a positive report on the labor market on Friday 5 April. This is a positive signal for the economy!

Trading recommendation: Buy 111.18 and take profit 111.75.

David Johnson
Analyst of «FreshForex» company
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