Daily Trading Analysis 21.12.2022

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY bears take a breather at a three-month low, picking up bids to 140.30 heading into Wednesday’s European session. Our Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.31 Take Profit 1: 138.80 Take Profit 2: 137.80 Alternative scenario: If the level 140.80 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.80 Take profit 1: 142.60 Take Profit 2: 143.80 Learn More Trading Analysis of GBP/JPY GBP/JPY fell off a cliff in Asia yesterday and continued lower overnight following the Bank of Japan shocked markets on Tuesday with a surprising tweak to its bond yield control. Our Analysis: As long as the price is below 163.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.58 Take profit 1: 158.50 Take Profit 2: 155.00 Alternative scenario: If the level of 163.00 is broken-out, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 163.00 Take profit 1: 165.00 Take profit 2: 167.00 Learn More Fundamental Trading Analysis of Amazon Amazon is crawling into 2023, and it definitely, like many others, can't wait to turn over a new chapter. Our Analysis: As long as the price is below 96.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 84.28 Take Profit 1: 80.00 Take Profit 2: 70.00 Alternative scenario: If the 96.00 level is broken-out, follow the recommendations below:  Time frame: D1 Recommendation: long position Entry point: 96.00 Take Profit 1: 103.00 Take Profit 2: 112.00 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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