28 октября 2019, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally in the stock markets, which will have a positive impact on the value of the USDJPY currency pair. China’s Office of the U.S. Trade Representative said on Friday that Beijing and Washington are close to signing a partial trade deal. U.S. President Donald Trump said that negotiations between the two sides “are doing very well.” “A lot of good things are happening with China. They want to make a deal very badly,” the president said. We are expecting to update the historical high on the S&P500 index today.
Trading recommendation: Buy 108.60and take profit 109.11.
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