Wednesday, December 29, 2021

Daily Trading Analysis 29.12.2021

Trading Analysis of EUR/JPY
The EUR/JPY is declining after retreating from levels above 130.00.







Our Analysis:

While the price is above 125.98, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 129.91
  • Take Profit 1: 131.55
  • Take Profit 2: 133.00

Alternative scenario:

If the level 125.98 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 125.98
  • Take profit 1: 123.37
  • Take Profit 2: 121.82
Trading Analysis of GBP/JPY
GBP/JPY: is targeting 154.75.








Our Analysis:

As long as price is above 147.06 follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 154.25
  • Take profit 1: 154.86
  • Take Profit 2: 157.65

Alternative scenario:

If the level of 147.06 is broken-down, follow the recommendations below:           
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 147.06
  • Take profit 1: 143.49
  • Take profit 2: 141.36
Fundamental Trading
Analysis of Johnson & Johnson
For much of the previous decade, the stock of diversified healthcare behemoth Johnson & Johnson has consistently delivered market returns (if you count dividends as part of total return on equity).


Our Analysis:

As long as the price is above the level of 164.80, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 170.00
  • Take Profit 1: 175.80
  • Take Profit 2: 178.70

Alternative scenario:

If the level of 164.80 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 164.80
  • Take Profit 1: 159.90
  • Take-profit 2: 156.90
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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