Daily Trading Analysis 26.08.2021

Technical & Fundamental analysis

Trading Analysis of GBP/JPY The weakening of the yen across the market has supported the GBP/JPY. Our Analysis: While the price is below 153.44, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.27 Take Profit 1: 149.60 Take Profit 2: 146.60 Alternative scenario: If the level 153.44 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 153.44 Take Profit 1: 156.53 Take Profit 2: 158.36 Learn More Trading Analysis of EUR/JPY EUR/JPY: aiming further at 130.50. Our Analysis: While the price is below 130.39, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.36 Take Profit 1: 128.50 Take Profit 2: 126.66 Alternative scenario: If the level 130.39 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 130.39 Take Profit 1: 132.12 Take Profit 2: 133.15 Learn More Fundamental Trading Analysis of Amazon  The uptick in retail stocks in the middle of the week of August 19, after two major department store chains posted excellent results, subsided slightly after the Wall Street Journal reported on leaked information about Amazon's plans to open department store-style stores in some U.S. cities. The store openings, which could herald Amazon's broader entry into physical retailing, couldn't keep the stock market's buoyant bias down for long, but it does raise some questions. Our Analysis: As long as the price is above 3285.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3299.18 Take profit 1: 3321.50  Take profit 2: 3330.50 Alternative scenario: If the level of 3285.50 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 3285.50 Take profit 1: 3270.25 Take Profit 2: 3261.25 Learn More ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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