Daily Trading Analysis 14.12.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY consolidates the biggest daily loss in a fortnight, also probing the previous day’s U-turn from a three-week top, as it defends the 144.00 threshold during early Wednesday. Our Analysis: While the price is below 145.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.08 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: Reversal targeting 164.28 daily support. Our Analysis: As long as the price is above 165.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.52 Take profit 1: 169.00 Take Profit 2: 171.80 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: 163.00 Take profit 2: 159.00 Learn More Fundamental Trading Analysis of Alibaba Down more than 20% for the year, Chinese tech giant Alibaba Group has been unable to avoid the consequences of a bear market in 2022. Our Analysis: As long as the price is above 81.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 91.28 Take Profit 1: 95.00 Take Profit 2: 104.00 Alternative scenario: If the level of 81.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 81.00 Take Profit 1: 76.00 Take Profit 2: 71.00 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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