14 Juni 2019, USD/JPY
USDJPY trading plan:
Negative macroeconomic statistics from the United States on retail sales and industrial production may cause a decrease in the value of USDJPY in the psychological level of 108.00. American households are cutting their spending. This is a negative factor for the retail sector! Industrial production has difficulties with export orders. An expensive dollar makes it harder for American exporters. Investors are buying gold this week. This is a positive signal for the Japanese yen, which has a correlation with the precious metal.
Trading recommendation: Sell 108.49 and take profit 108.00.