Daily Trading Analysis 09.02.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Bank of Japan committee representative Seiji Nakamura: consumer inflation is likely to accelerate. Our Analysis: While the price is above 128.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.92 Take Profit 1: 133.00 Take Profit 2: 135.00 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 Nakamura, Bank of Japan: the current soft policy needs to be patiently maintained until wages start to rise steadily. Our Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.53 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 Amazon Judging by the market's reaction to Amazon's Q4 report, you'd think the e-commerce and cloud computing giant was a success. Our Analysis: As long as the price is above 2798.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 3229.00 Take Profit 1: 3569.00 Take Profit 2: 3743.00 Alternative scenario: If the level of 2798.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2798.00 Take Profit 1: 2527.00 Take Profit 2: 2365.00 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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