Daily Trading Analysis 08.09.2021

Technical & Fundamental analysis

Trading Analysis of GBP/JPY Bank of England, Saunders: we don't need as much stimulus as before. Our Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.96 Take profit 1: 152.50 Take Profit 2: 156.27 Alternative scenario: If the level of 149.14 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 149.14 Take profit 1: 145.74 Take profit 2: 143.72 Learn More Trading Analysis of EUR/JPY EUR/JPY was able to continue the rally which started after the NFP report and reached 130.20, before going back to 130.60. Our Analysis: While the price is above 129.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 130.57 Take Profit 1: 131.00 Take Profit 2: 132.22 Alternative scenario: If the level 129.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.20 Take profit 1: 127.84 Take Profit 2: 127.03 Learn More Fundamental Trading Analysis of General Electric Within the previous couple of years, General Electric has been continually selling assets trying to streamline the business, withdraw less beneficial business divisions, and optimize its weakened financial performance. Our Analysis: As long as the price is above the 99.20 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 103.20 Take Profit 1: 115.00 Take Profit 2: 118.70 Alternative scenario: If the level of 99.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 99.20 Take Profit 1: 93.00 Take Profit 2: 89.40 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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