Daily Trading Analysis 28.09.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair displays a lackluster performance in the early Tokyo session as the cross hovers around 139.00. The asset is expected to re-test the critical support of 137.36, recorded on Monday as the German energy crisis is deepening after a deliberate action to harm the active infrastructure of the Nord Stream 1 pipeline to Germany. Our Analysis: While the price is below 139.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.82 Take Profit 1: 137.70 Take Profit 2: 136.80 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: 140.30 Take Profit 2: 141.25 Learn More Trading Analysis of GBP/JPY The GBP/JPY recovered some ground on Tuesday courtesy of a slight improvement in sentiment, though, in the end, US equities finished in the red, while Asian bourses are set for a lower open as risk aversion got back. Our Analysis: As long as the price is below 157.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.24 Take profit 1: 154.00 Take Profit 2: 152.00 Alternative scenario: If the level of 157.50 is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 157.50 Take profit 1: 159.00 Take profit 2: 160.50 Learn More Fundamental Trading Analysis of Bitcoin On Tuesday, a tailwind kicked up on Wall Street as investors finally decided that they had had enough of their bad days. Our Analysis: As long as the price is above 18500.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 18995.00 Take Profit 1: 25200.00 Take Profit 2: 29000.00 Alternative scenario: If the level of 18500.00 is broken-down, follow the recommendations below:          Time frame: D1 Recommendation: short position Entry point: 18500.00 Take Profit 1: 15000.00 Take Profit 2: 13000.00 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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