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The bullish rally on the stock markets

The bullish rally on the stock markets | 22 January 2020

22 January 2020, USD/JPY

USDJPY trading plan:

We are expecting a bullish rally on the stock markets that will have a positive impact on the value of USDJPY. Asian stock markets are showing an uptrend today. Hong Kong’s Hang Seng Index climbed 0.9%, Japan’s Nikkei 225 advanced 0.55%. South Korea’s KOSPI gained 0.7% after the Bank of Korea said Wednesday the country’s economy grew 1.2% on a seasonally adjusted basis in the fourth quarter as compared with three months earlier. That was the fastest expansion since the third quarter of 2017.

Trading recommendation: Buy 109.95 and take profit 110.30.

David Johnson
Analyst of «FreshForex» company
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