Daily Trading Analysis 20.07.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The European Central Bank (ECB) is reportedly still negotiating the terms and legal aspects of a new anti-fragmentation instrument. Our Analysis: While the price is above 139.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.36 Take Profit 1: 142.40 Take Profit 2: 144.20 Alternative scenario: If the level 139.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 139.40 Take profit 1: 136.70 Take Profit 2: 134.70 Learn More Trading Analysis of GBP/JPY The Bank of Japan (BOJ) Osaka branch manager said that the impact of the currency movements will depend on the structure of the business, the size of each organization. Our Analysis: As long as the price is above 163.70 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.96 Take profit 1: 167.00 Take Profit 2: 168.80 Alternative scenario: If the level of 163.70 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 163.70 Take profit 1: 161.75 Take profit 2: 160.40 Learn More Fundamental Trading Analysis of Boeing May was a very good month for Boeing: the company returned to space with a (mostly) successful test flight of its CST-100 Starliner crewless spacecraft. Our Analysis: As long as the price is above 142.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.02 Take Profit 1: 166.50 Take Profit 2: 180.00 Alternative scenario: If the level of 142.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 142.50 Take Profit 1: 131.00 Take Profit 2: 124.00 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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