Rig an election? | 06 November 2020

06 November 2020, USD/JPY

Rig an election?

USDJPY trading plan:

Democratic presidential candidate Joe Biden gained more ground on President Donald Trump in the battleground states of Georgia and Pennsylvania, edging closer to the White House hours. Georgia and Pennsylvania officials expressed optimism they would finish counting on Friday, while Arizona and Nevada were still expected to take days to finalize their vote totals. D. Trump lambasted election workers and sharply criticized polling before the election that he said was designed to suppress the vote because it favored Biden. "They're trying to rig an election, and we can't let that happen," said Trump. This is a negative signal for the dollar.

Trading recommendation: Sell 103.69 and take profit 103.34

David Johnson
Analyst of «FreshForex» company
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