Daily Trading Analysis 22.09.2021

Technical & Fundamental analysis

Trading Analysis of GBP/JPY UOB Group analysts write ahead of the Bank of England's monetary policy meeting scheduled for this week that the regulator's first rate hike should not be expected until 2023. Our Analysis: As long as price is below 152.14 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 149.13 Take profit 1: 148.35 Take Profit 2: 146.33 Alternative scenario: If the level of 152.14 is broken-out, follow the recommendations below:    Time frame: D1 Recommendation: long position Entry point: 152.14 Take profit 1: 154.69 Take profit 2: 156.21 Learn More Trading Analysis of EUR/JPY EUR/JPY remains under pressure and is testing 128.00. Our Analysis: While the price is below 129.20, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.04 Take Profit 1: 127.84 Take Profit 2: 127.03 Alternative scenario: If the level 129.20 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.20 Take profit 1: 130.20 Take Profit 2: 131.00 Learn More Fundamental Trading Analysis of Amazon  At first glance, it's not even a competition. Not only has the e-commerce behemoth Amazon's stock outperformed that of rival Walmart in recent years but as of last month -- as per the figures obtained by The New York Times -- people are now spending more on Amazon than on more traditional retailers. Obviously, the pandemic has been a real blessing for online retailer. Our Analysis: As long as the price is below 3387.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 3344.00 Take Profit 1: 3304.00 Take Profit 2: 3252.00 Alternative scenario: If the level 3387.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3387.00 Take Profit 1: 3599.00 Take Profit 2: 3648.00 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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