G-20 Summit | 28 June 2019

28 June 2019, USD/JPY

G-20 Summit

USDJPY trading plan:

Investors buy's shares in stock markets. Donald Trump and Chinese President Xi Jinping will avoid escalating their dispute over trade when they meet on Saturday on the sidelines of the G20 summit. Donald Trump began preparing for the election of the President of the United States, which will be held on 3 November 2020. Trump needs to conclude a trade agreement with China to ensure the growth of the economy and the stock market. Investors sell gold and buy shares. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 107.55 and take profit 108.01.

David Johnson
Analyst of «FreshForex» company
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