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The bullish rally on the stock markets

The bullish rally on the stock markets | 30 July 2019

30 July 2019, USD/JPY

The bullish rally on the stock markets

USDJPY trading plan:

We are expecting a continuation of the bullish rally on the stock markets that will positively affect the cost of USDJPY. U.S. President Donald Trump continued to criticize the Fed, tweeting that “a small rate cut is not enough, but we will win anyway!”. Mild monetary policy of Central Banks always has a positive impact on the value of corporate shares. We are seeing a bullish rally in emerging markets. This is a positive signal. We're expecting to test the psychological level of 109.00 today.

Trading recommendation: Buy 108.66 and take profit 109.00.

David Johnson
Analyst of «FreshForex» company
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