Daily Trading Analysis 01.12.2021

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Bank of Japan, Kuroda: confident economy will overcome the impact of COVID-19. Our Analysis: While the price is below 131.26, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.25 Take Profit 1: 127.00 Take Profit 2: 126.04 Alternative scenario: If the level 131.26 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.26 Take profit 1: 133.65 Take Profit 2: 135.07 Learn More Trading Analysis of GBP/JPY Bank of England, Mann: it's too early to talk about the dates of the rate hike. Our Analysis: As long as price is below 154.56 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 150.41 Take profit 1: 148.94 Take Profit 2: 146.00 Alternative scenario: If the level of 157.09 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.09 Take profit 1: 160.74 Take profit 2: 162.91 Learn More Fundamental Trading Analysis of HP Shares of HP climbed 10% to a new all-time high following the company`s Q4 financial results last week. Our Analysis: Provided that the price is above 32.30, follow these recommendations: Time frame: D1 Recommendation: long position Entry point: 33.44 Take Profit 1: 39.00 Take Profit 2: 40.30  Alternative scenario: If the level of 154.50 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 154.50 Take Profit 1: 166.50 Take Profit 2: 173.60 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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