05 Maret 2019, USD/JPY
USDJPY trading plan:
The U.S. stock market may show strong growth this week. U.S. President Donald Trump and his Chinese counterpart Xi Jinping could sign a formal trade pact at a summit around March 27, given progress in talks between the two countries. Investors are now optimistic about the prospects of the U.S. economy and the stock market. Trade war was a big risk - now the risk goes away. It is mutually beneficial for Washington and Beijing to stop the trade war. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 111.75 and take profit 112.15.