Daily Trading Analysis 12.10.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair is oscillating in a narrow range of 141.40-141.65 in the early Tokyo session. On Tuesday, the asset rebounded firmly after testing the round-level cushion of 141.00 with lower selling pressures. Our Analysis: While the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.50 Take Profit 1: 145.65 Take Profit 2: 147.00 Alternative scenario: If the level 141.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 141.00 Take profit 1: 138.50 Take Profit 2: 136.80 Learn More Trading Analysis of GBP/JPY GBP/JPY drives to near 161.50 as BOE considers prolonged bond-buying program. Our Analysis: As long as the price is above 159.40 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.96 Take profit 1: 163.60 Take Profit 2: 167.40 Alternative scenario: If the level of 159.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.40 Take profit 1: 157.90 Take profit 2: 156.35 Learn More Fundamental Trading Analysis of AT&T This year's stock market volatility makes telecom titan AT&T look like an attractive investment.  Our Analysis: As long as the price is below 17.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 14.72 Take Profit 1: 14.00 Take Profit 2: 12.00 Alternative scenario: If the level of 17.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 17.00 Take Profit 1: 18.00 Take Profit 2: 20.00 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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