21 August 2019, USD/JPY
USDJPY trading plan:
Bullish rally in the stock markets will have a positive impact on the value of USDJPY. M. Pompeo commented on the Sino-U.S. trade dispute, saying that he believes the trade war would end by 2020. The United States extend a reprieve that permits China’s Huawei Technologies to buy components from U.S. companies, signaling a slight softening of the trade conflict between the world’s two largest economies. This is a positive signal for the stock markets! Investors are increasing their long positions on corporate shares.
Trading recommendation: Buy 106.37 and take profit 106.90.