14 February 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. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 205,000 for the week ended Feb. 8, the Labor Department said on Thursday. Claims fell in the prior week to 203,000, which was the lowest reading since November. Labor market strength is helping to sustain consumer spending, and supporting the economy, which is now in its 11th year of expansion. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2% to 14.5. This is a positive signal for the U.S. stock market!
Trading recommendation: Sell 109.74 and take profit 110.05.
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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