Daily Trading Analysis 01.06.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Bank of Japan, Kuroda: The rapid weakening of the yen is not due to central bank policy. Our Analysis: While the price is above 134.25, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 138.43 Take Profit 1: 140.00 Take Profit 2: 141.30 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: 131.65 Learn More Trading Analysis of GBP/JPY Prime Minister Kishida: The stability of the currency is important. Our Analysis: As long as price is above 159.60 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.63 Take profit 1: 164.62 Take Profit 2: 166.50 Alternative scenario: If the level of 159.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.60 Take profit 1: 157.60 Take profit 2: 156.30 Learn More Fundamental Trading Analysis of Twitter Social media platform Twitter has been in the spotlight lately amid a heated drama between it and billionaire and potential future owner Elon Musk.  Our Analysis: As long as the price is below 41.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 39.42 Take Profit 1: 35.20 Take Profit 2: 31.50 Alternative scenario: If the level of 41.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 41.50 Take Profit 1: 44.90 Take Profit 2: 50.00 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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