Daily Trading Analysis 17.08.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY is leaving behind two consecutive daily pullbacks and advancing above Tuesday's 136.00 level. If the recovery becomes more serious, the cross should meet the next barrier at the 100-day SMA at 138.08 before the more current August peak at 138.39 (August 10).  Our Analysis: While the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.54 Take Profit 1: 138.00 Take Profit 2: 139.30 Alternative scenario: If the level 135.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 135.00 Take profit 1: 134.35 Take Profit 2: 133.35 Learn More Trading Analysis of GBP/JPY With the Bank of England (BoE) likely to act too cautiously and the election of a new prime minister could cause even more nervousness in the markets, the British pound will remain under pressure, economists at Commerzbank believe. Our Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.41 Take profit 1: 165.00 Take Profit 2: 167.00 Alternative scenario: If the level of 161.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.50 Take profit 1: 160.00 Take profit 2: 158.00 Learn More Fundamental Trading Analysis of Microsoft Anywhere you look, news about inflation, supply chain problems, a potential recession, and more are confusing investors. Our Analysis: As long as the price is above the 275.00 level, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 292.75 Take Profit 1: 300.00 Take Profit 2: 310.00 Alternative scenario: If the level of 275.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 275.00 Take Profit 1: 265.00 Take Profit 2: 251.00 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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