Daily Trading Analysis 04.05.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY is off to a bearish start to the week, slipping below 137.00 today. The cross has probably entered a consolidation phase waiting for further catalysts in the short term. Our Analysis: While the price is above 134.25, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.84 Take Profit 1: 137.60 Take Profit 2: 140.00 Alternative scenario: If the level 134.25 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 134.25 Take profit 1: 132.65 Take Profit 2: 130.45 Learn More Trading Analysis of GBP/JPY GBP/JPY continues to trade steadily near the 163.00 level, as it has since the beginning of the week, as traders wait ahead of key risk events later this week. Our Analysis: As long as price is above 159.88 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.36 Take profit 1: 164.62 Take Profit 2: 168.45 Alternative scenario: If the level of 159.88 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 159.88 Take profit 1: 157.60 Take profit 2: 155.45 Learn More Fundamental Trading Analysis of Verizon Verizon just had one of its worst days in a long time, and its stock is down 10%. Our Analysis: As long as the price is below the 50.50 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 47.10 Take Profit 1: 45.30 Take Profit 2: 43.00 Alternative scenario: If the level of 50.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 50.50 Take Profit 1: 54.50 Take Profit 2: 57.00 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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