Daily Trading Analysis 29.06.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Lagarde: there is a possibility of a larger rate hike in September. Our Analysis: While the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.56 Take Profit 1: 145.00 Take Profit 2: 147.00 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: The channel of monetary policy transmission may change in a rapidly changing world. Our Analysis: As long as the price is above 164.35 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.56 Take profit 1: 168.48 Take Profit 2: 171.00 Alternative scenario: If the level of 164.35 is broken-down, follow the recommendations below:       Time frame: D1 Recommendation: short position Entry point: 164.35 Take profit 1: 162.40 Take profit 2: 159.60 Learn More Fundamental Trading Analysis of Ethereum From the beginning of 2021 to the all-time high reached in November 2021, Ethereum has risen by a mind-boggling 500%. Our Analysis: As long as price is below the 1700.00 level, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1122.56 Take Profit 1: 900.00 Take Profit 2: 500.00 Alternative scenario: If the level of 1700.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1700.00 Take Profit 1: 2150.00 Take Profit 2: 2550.00 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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