Positive news | 28 November 2019

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.3% rate in the July-September period, quickening from a 1.4% growth pace in the second quarter. The Federal Reserve last month cut interest rates for the third time this year. This factor will increase economic growth.

Trading recommendation: Buy 109.32 and take profit 109.55.

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