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The bullish rally in the stock markets

The bullish rally in the stock markets | 11 October 2019

11 October 2019, USD/JPY

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. U.S. President Donald Trump said on his microblog on Twitter that he would meet with Vice Premier of the State Council of the PRC Liu He on Friday at the White House. The bullish market mood came after a first day of trade talks between top U.S. and Chinese negotiators, characterized by Trump as "very, very good." A White House official said the talks had gone "probably better than expected" and a U.S. Chamber of Commerce official briefed by both sides raised the possibility of a currency agreement this week.

Trading recommendation: Buy 107.88 and take profit 108.23.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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