Daily Trading Analysis 23.11.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY continues to consolidate within a rising wedge, though finished with minuscule losses of 0.04% on Tuesday, on a risk-on sentiment. As the Asian session begins, the EUR/JPY is trading at 145.48, barely gaining 0.01%. Our Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 146.04 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 On Tuesday, the GBP/JPY retraces after hitting a two-week high around 168.30, amid upbeat sentiment, as shown by Wall Street, registering gains between 1.18% and 1.36%. Our Analysis: As long as the price is below 166.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.99 Take profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level of 166.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 166.50 Take profit 1: 165.00 Take profit 2: 163.00 Learn More Fundamental Trading Analysis of Cisco Systems Shares of network equipment giant Cisco Systems have declined this year, as have most other technology stocks. Our Analysis: As long as the price is above 45.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 48.32 Take Profit 1: 50.00 Take Profit 2: 54.00 Alternative scenario: If the level of 45.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 45.00 Take profit 1: 42.00 Take Profit 2: 39.00 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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