Daily Trading Analysis 07.12.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair is displaying a lackluster performance in early Asia as investors await the speech from European Central Bank (ECB) President Christine Lagarde for fresh impetus. Our Analysis: While the price is below 145.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 143.69 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 GBP/JPY picks up bids to print mild gains around 166.65 heading into Wednesday’s London open. Our Analysis: As long as the price is below 167.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 166.76 Take profit 1: 163.00 Take Profit 2: 159.80 Alternative scenario: If the level of 167.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.00 Take profit 1: 169.00 Take profit 2: 171.00 Learn More Fundamental Trading Analysis of Gold For more than a month now, the price of gold has been trending upward, having risen by more than 10% since the beginning of November. Our Analysis: As long as the price is above 1725.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1773.25 Take Profit 1: 1810.00 Take Profit 2: 1880.00 Alternative scenario: If the level of 1725.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1725.00 Take Profit 1: 1680.00 Take Profit 2: 1630.00 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.

PaxForex | London, London, E16AN United Kingdom Unsubscribe edwardlorilla1986.paxforex@blogger.com Constant Contact Data Notice Sent by info@paxforex.org