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Correlation between USDJPY and #SP500

Correlation between USDJPY and #SP500 | 26 September 2019

26 September 2019, USD/JPY

Correlation between USDJPY and #SP500

USDJPY trading plan:

We are expecting the continuation of the bullish rally in the stock markets which will have a positive impact on the value of the currency pair USDJPY. Japan and the U.S. said they wanted to finish their trade talks within about four months. They said that, “while faithfully implementing these agreements, both nations will refrain from taking measures against the spirit of these agreements and this joint statement.” Rising stocks outnumbered declining ones on the NYSE by 1802 to 1057 and 96 ended unchanged.

Trading recommendation: Buy 107.59 and take profit 108.10.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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