13 февраля 2020, USD/JPY
USDJPY trading plan:
Asian stock markets wobbled, while safe-havens such as gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak's epicenter jumped. The rise in the number of cases, which came as officials adopted a new methodology for counting infections, is a sevenfold increase from a day earlier. More than 1,369 people have died from the epidemic in China and the total number of cases in Hubei province now stands at 59,807. This is a negative signal for stock markets and USDJPY.
Trading recommendation: Sell 109.88 and take profit 109.60.
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