Daily Trading Analysis 26.10.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair is gradually marching towards the immediate resistance of 148.00 in the early Tokyo session. Our Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.60 Take Profit 1: 149.00 Take Profit 2: 151.00 Alternative scenario: If the level 144.00 is broken-down, follow the recommendations below:: Time frame: D1 Recommendation: short position Entry point: 144.00 Take profit 1: 142.50 Take Profit 2: 141.00 Learn More Trading Analysis of GBP/JPY The pound rallied across the board on Tuesday, fuelled by the market enthusiasm about the victory of Rishi Sunak in the Tory race to Downing Street. Our Analysis: As long as the price is above 166.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.72 Take profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level of 166.50 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 165.50 Take profit 1: 165.00 Take profit 2: 163.00 Learn More Fundamental Trading Analysis of AT & T AT&T stock rose 8% last week after the company released its Q3 report. Our Analysis: As long as the price is above 16.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 17.60 Take Profit 1: 18.60 Take Profit 2: 20.00 Alternative scenario: If the level of 16.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 16.00 Take Profit 1: 15.00 Take Profit 2: 13.00 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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