The inverse correlation between USDJPY and gold | 11 6月 2020

11 6月 2020, USD/JPY

USDJPY trading plan:

A bullish rally in the gold market will have a negative impact on the value of USDJPY. The currency pair and the precious metal have an inverse correlation. The National Bureau of Economic Research declared earlier this week that the U.S. economy had entered a recession in February, bringing to an end the longest period of economic expansion in U.S. history. This is a positive signal for gold! Additional support for the precious metal will be provided by the monetary policy of the Federal Reserve. The Federal Reserve left its benchmark rate unchanged in the range of 0% to 0.25%.

Trading recommendation: Sell 107.10 and take profit 106.80.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.