Daily Trading Analysis 30.11.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair has extended its recovery above the immediate hurdle of 143.50 in the Asian session. Earlier, the cross resurfaced firmly after building a cushion marginally above 143.00. Our Analysis: While the price is below 145.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 143.31 Take Profit 1: 142.50 Take Profit 2: 141.00 Alternative scenario: If the level 145.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.50 Take profit 1: 147.50 Take Profit 2: 147.80 Learn More Trading Analysis of GBP/JPY The Pound Sterling (GBP) extends its losses against the Japanese Yen (JPY) amid a risk-off impulse as traders get to the sidelines ahead of the Federal Reserve (Fed) Chairman Jerome Powell’s speech on Wednesday. Our Analysis: As long as the price is below 166.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.99 Take profit 1: 163.00 Take Profit 2: 159.80 Alternative scenario: If the level of 166.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.50 Take profit 1: 169.00 Take profit 2: 171.00 Learn More Fundamental Trading Analysis of Alphabet Despite being the third-largest U.S. company, Alphabet has had a bad year. Our Analysis: As long as the price is above 92.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 94.91 Take Profit 1: 99.00 Take Profit 2: 105.00 Alternative scenario: If the level of 92.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 92.00 Take Profit 1: 87.00 Take Profit 2: 83.00 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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