Daily Trading Analysis 19.01.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Bank of Japan report: Japan import prices continue to rise steadily. Our Analysis: While the price is above 128.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.73 Take Profit 1: 131.55 Take Profit 2: 133.00 Alternative scenario: If the level 128.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.40 Take profit 1: 125.81 Take Profit 2: 124.26 Learn More Trading Analysis of GBP/JPY Employment in Britain rose by 184k in December, which does not reflect a significant impact of the omicron strain. Employment is up about 1.35 million in 2021 and was 1.5% above its pre-pandemic peak in February 2020 in December. Our Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.76 Take profit 1: 157.88 Take Profit 2: 160.63 Alternative scenario: If the level of 153.59 is broken-down, follow the recommendations below:                  Time frame: D1 Recommendation: short position Entry point: 153.59 Take profit 1: 150.48 Take profit 2: 148.63 Learn More Fundamental Trading Analysis of Bitcoin Bitcoin has had a rough start to the year. As per CoinMarketCap, its price has fallen more than 35% from its November high.   Our Analysis: As long as the price is below the 47000.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 42323.00 Take Profit 1: 37000.00 Take Profit 2: 33000.00 Alternative scenario: If the level of 47000.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 47000.00 Take Profit 1: 52000.00 Take Profit 2: 57000.00 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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