21 Mei 2019, USD/JPY
USDJPY trading plan:
Positive macroeconomic statistics from Japan will have a positive impact on the value of the Japanese yen. Gross domestic product expanded an annualized 2.1% in the three months through March. Investors expected a decrease of 0.2%.The positive dynamics is caused by the increase in public spending. The Japanese government fears a recession and increases spending. Economic stimulation is now observed in many countries. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. Big buys USDJPY should not wait today.
Trading recommendation: Buy 110.00 and take profit 110.60.