Daily Trading Analysis 06.07.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY Former BoJ official: The central bank is likely to raise its price forecast. Our Analysis: While the price is below 139.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.56 Take Profit 1: 136.70 Take Profit 2: 134.70 Alternative scenario: If the level 139.40 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 139.40 Take profit 1: 141.50 Take Profit 2: 144.20 Learn More Trading Analysis of GBP/JPY Bank of Japan, Momma: The central bank will maintain a soft monetary policy "for many more quarters." Our Analysis: As long as the price is below 162.40 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.24 Take profit 1: 159.10 Take Profit 2: 156.50 Alternative scenario: If the level of 162.40 is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 162.40 Take profit 1: 164.65 Take profit 2: 167.00 Learn More Fundamental Trading Analysis of Alphabet The countdown has begun. There are less than ten days to go before Alphabet's 20-to-1 stock split on July 15. Our Analysis: As long as the price is above 2200.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 2277.50 Take Profit 1: 2365.00 Take Profit 2: 2460.00 Alternative scenario: If the level of 2200.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 2200.00 Take Profit 1: 2125.00 Take Profit 2: 2045.00 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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