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The bullish rally in the U.S. stock market

The bullish rally in the U.S. stock market | 02 Desember 2019

02 Desember 2019, USD/JPY

USDJPY trading plan:

“New Stock Market Record today. Congratulations USA!” said Donald Trump. We are expecting a continuation of the bullish rally in the U.S. stock market this week, which will have a positive impact on the value of USDJPY. In a holiday-shortened week, the S&P 500 managed to add nearly 1%. The Dow rose 0.6%, and the Nasdaq climbed 1.71%. For the year, the S&P 500 is up 25.3%, with the Dow up 20.3% and the Nasdaq up 30.6%. Positive trade talks between the United States and China are forcing investors to increase long positions in the stock market.

Trading recommendation: Buy 109.50 and take profit 109.89.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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