Daily Trading Analysis 20.10.2021

Technical & Fundamental analysis

Trading Analysis of EUR/JPY ECB, Lane: markets may not have fully digested the communicative policy yet. Our Analysis: While the price is above 130.76, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 133.03 Take Profit 1: 134.00 Take Profit 2: 135.82 Alternative scenario: If the level 130.76 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.76 Take profit 1: 128.44 Take Profit 2: 127.06 Learn More Trading Analysis of GBP/JPY Bank of Japan, Amamiya: will continue to support corporate financing with the pandemic program. Our Analysis: As long as the price is above 154.07 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.69 Take profit 1: 158.50 Take Profit 2: 161.50 Alternative scenario: If the level of 154.07 is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 154.07 Take profit 1: 150.53 Take profit 2: 148.43 Learn More Fundamental Trading Analysis of General Electric General Electric's upcoming earnings report is unlikely to bring any major surprises. 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: 104.80 Take Profit 1: 110.40 Take Profit 2: 113.20 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: 94.50 Take Profit 2: 91.60 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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