USA vs China | 10 May 2019
10 May 2019, USD/JPY
USDJPY trading plan:
The CBOE Volatility Index, a gauge of investor anxiety, rose to its highest level in more than three months. This is a bad signal for USD JPY. The letter received from the President of China States the need to meet and try to conclude a deal - said D. Trump on Thursday. This factor can greatly change the trend. USDJPY may show a strong bullish trend. The conclusion of a trade agreement between the US and China will have a positive impact on the U.S. stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 109.50 and take profit 110.50
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.
