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Positive macroeconomic statistics from the U.S.

Positive macroeconomic statistics from the U.S. | 12 tháng Ba 2019

12 tháng Ba 2019, USD/JPY

Positive macroeconomic statistics from the U.S.

USDJPY trading plan:

Positive macroeconomic statistics from the U.S. will support bulls. Retail sales rose 0.2 percent. Excluding automobiles, gasoline, building materials and food services, retail sales rebounded 1.1 percent in January. In January, online and mail-order retail sales increased 2.6 percent, the biggest gain since December 2017. Sales at building material stores increased 3.3 percent, the most since September 2017. The report from the Commerce Department on Monday was welcome news for the economy after a raft of weak December data. Stocks on Wall Street rose after five straight sessions of declines. This is a positive signal for USDJPY!

Trading recommendation: Buy 111.30 and take profit 112.01.

David Johnson
Analyst of «FreshForex» company
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