Daily Trading Analysis 08.06.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Japan's Finance Minister Suzuki: A weak yen has both advantages and disadvantages. Our Analysis: While the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.36 Take Profit 1: 144.00 Take Profit 2: 146.00 Alternative scenario: If the level 140.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.00 Take profit 1: 138.35 Take Profit 2: 136.85 Learn More Trading Analysis of GBP/JPY Bank of Japan, Kuroda: A rapid weakening of the yen in a short period is undesirable Our Analysis: As long as the price is above 162.80 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.32 Take profit 1: 168.48 Take Profit 2: 171.00 Alternative scenario: If the level of 162.80 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 162.80 Take profit 1: 159.60 Take profit 2: 157.85 Learn More Fundamental Trading Analysis of ExxonMobil ExxonMobil does not believe fossil fuels will disappear. Our Analysis: As long as the price is above the 91.50 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 103.23 Take Profit 1: 106.00 Take Profit 2: 110.00 Alternative scenario: If the level of 91.50 is broken-down, follow the recommendations below:      Time frame: D1 Recommendation: short position Entry point: 91.50 Take Profit 1: 88.00 Take Profit 2: 83.00 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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