13 Mei 2019, USD/JPY
USDJPY trading plan:
11 round of trade negotiations between the US and China ended "well enough", - said the Vice Prime Minister of China. This is a neutral factor for the U.S. stock market and USDJPY, which has a correlation with the shares. Investors will wait for new signals from Washington and Beijing. We think that both sides will be able to conclude a trade agreement in the summer. D. Trump will take a wait-and-see position in May. Investors will take profits on short positions today. We are waiting for a technical correction.
Trading recommendation: Buy 109.58 and take profit 110.19