Analysts at Commerzbank warn that while the possibility of a Bank of England rate hike supports the pound, it is already embedded in prices, so the pound's rally could start to slow down.
Our Analysis:
While the price is above 1.6772, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.7143
Take Profit 1: 1.7250
Take Profit 2: 1.7584
Alternative scenario:
If the level 1.6772 is broken-down, follow the recommendations below:
Despite the high valuation and declining stock price following the release of its Q4 and full-year 2021 earnings report, analysts still believe that JPMorgan Chase is the best-performing banking asset of its kind. After all, America's largest bank by asset size generated more than $125 billion in earnings on a managed basis in 2021.
Our Analysis:
As long as the price is below 158.20, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 149.07
Take Profit 1: 139.80
Take Profit 2: 135.50
Alternative scenario:
If the level of 158.20 is broken-out, follow the recommendations below:
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.
