Bullish rally in the U.S. stock market | 02 July 2019

02 July 2019, USD/JPY

Bullish rally in the U.S. stock market

USDJPY trading plan:

Bullish rally in the U.S. stock market will have a positive impact on the value of USD JPY, as there is a correlation with the S&P500. The United States and China agreed to resume trade talks and U.S. President Donald Trump also offered concessions including no new tariffs and an easing of restrictions on Huawei Technologies. Positive trade negotiations between the US and China have a positive impact on the value of shares of major corporations. Investors are expected lower interest rates from the Federal Reserve 31 Jul, which will have a positive impact on the value of U.S. shares.

Trading recommendation: Buy 108.26 and take profit 108.79.

David Johnson
Analyst of «FreshForex» company
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