06 февраля 2020, USD/JPY
USDJPY trading plan:
We are expecting a bullish rally on the U.S. stock market, which will have a positive impact on the value of USDJPY. The S&P 500 rose 0.9%, while the Nasdaq Composite rose 0.4% and the Dow Jones Industrial Average gained 1.4%. Sentiment on stocks was boosted by reports that researchers in the U.K. have made a "significant breakthrough" in finding a vaccine to the virus, strengthening hopes the outbreak will be contained sooner rather than later. Additional support for the stock market will be provided by positive macroeconomic statistics from the United States. The Institute for Supply Management said its non-manufacturing activity index increased to a reading of 55.5 last month, the highest level since August. A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity.
Trading recommendation: Buy 109.85 and take profit 110.19.
In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.
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1) Fund the account on $100 or more from February 4 to February 29, 2020.
2) send e-mail to school@freshforex.com with the account number, funded on $100 or more.
Make a strong strategic move!
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