“Roller coasters” | 25 September 2019

25 September 2019, USD/JPY

“Roller coasters”

USDJPY trading plan:

“Roller coasters” in the stock markets have a strong impact on the course of trading in this currency pair. The U.S. stocks market fell on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump. It is unlikely that the impeachment inquiry would lead to Trump's removal from office. Even if the Democratic-controlled House voted to impeach Trump, the Republican-majority Senate would have to take the next step of removing him from office after a trial. We are expecting a positive outcome of this issue and the continuation of the bullish rally in the stock markets!

Trading recommendation: Buy 107.19 and take profit 107.90.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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