Daily Trading Analysis 19.10.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY continues extending its gains, eyeing December’s 2013 high of 149.78, while the Japanese yen continues to weaken, despite further verbal interventions by Japanese authorities, which have failed to move the markets in favor of the battered yen. Our Analysis: While the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.10 Take Profit 1: 148.00 Take Profit 2: 149.00 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 was an inside day on Tuesday and coupled with the bullish megaphone, this could be regarded as a highly bullish scenario for the day ahead as the hybrid would be thought to signal a strong continuation pattern. Our Analysis: As long as the price is above 165.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.02 Take profit 1: 170.00 Take Profit 2: 172.00 Alternative scenario: If the level of 165.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 165.00 Take profit 1: 162.00 Take profit 2: 159.50 Learn More Fundamental Trading Analysis of Microsoft Microsoft has grown exponentially in its nearly 50 years in business. Our Analysis: As long as the price is below 250.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 238.41 Take Profit 1: 228.00 Take Profit 2: 219.00 Alternative scenario: If the level of 250.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 250.00 Take Profit 1: 266.00 Take Profit 2: 275.00 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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