Positive dynamics of the stock market | 16 May 2019
16 May 2019, USD/JPY
USDJPY trading plan:
The course of trading will depend on the mood of investors who trade in the stock markets. Stock markets are in a fever this week. Asian shares had steadied in early trade on news that U.S. President Donald Trump was planning to delay tariffs on auto imports. On Wednesday, USA shares extended a rebound, with the S&P 500 gaining 0.58% and the MSCI's broadest gauge of world stocks bouncing back from a two-month low hit on Tuesday. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 109.33 and take profit 110.00.
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.
