Daily Trading Analysis 17.11.2021

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The Head of the Bank of Japan predicts a softer Japanese Yen (JPY) and excludes negative consequences for the economy. Our Analysis: While the price is below 131.84, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.94 Take Profit 1: 129.00 Take Profit 2: 127.01 Alternative scenario: If the level 131.84 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.84 Take profit 1: 134.080 Take Profit 2: 135.42 Learn More Trading Analysis of GBP/JPY Head of the Bank of England, Bailey: the decision to raise the rate could be taken at any meeting. Our Analysis: As long as price is below 154.15 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 154.10 Take profit 1: 150.53 Take Profit 2: 148.43 Alternative scenario: If the level of 154.15 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 154.15 Take profit 1: 158.50 Take profit 2: 161.50 Learn More Fundamental Trading Analysis of Johnson & Johnson The world's largest health care company is about to get a little smaller. Our Analysis: As long as the price is above 161.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.56 Take Profit 1: 169.80 Take Profit 2: 171.90 Alternative scenario: If the level of 161.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.10 Take Profit 1: 157.50 Take-profit 2: 155.30 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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