Daily Trading Analysis 02.02.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Rising eurozone yields may continue to support the single currency in anticipation of this Thursday's ECB monetary policy meeting. Our Analysis: While the price is above 128.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 128.73 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 Bank of Japan, Kuroda: aggressive monetary policy easing helps Japan's economy to moderate growth. Our Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.15 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 IBM International Business Machines turned in a positive direction after its first quarterly earnings report following the spinoff of Kyndryl Holdings. Our Analysis: As long as the price is above the 128.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 134.50 Take Profit 1: 140.40   Take Profit 2: 143.40 Alternative scenario: If the level of 128.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.00 Take Profit 1: 123.10 Take Profit 2: 120.10 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org