Daily Trading Analysis 04.01.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY: broadening formation suggests downward pressure lies ahead. Our Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.11 Take Profit 1: 137.80 Take Profit 2: 136.50 Alternative scenario: If the level 140.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.80 Take profit 1: 143.80 Take Profit 2: 145.60 Learn More Trading Analysis of GBP/JPY GBP/JPY falls to 4-month lows around 157.40s. Our Analysis: As long as the price is below 161.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 156.70 Take profit 1: 155.00 Take Profit 2: 152.65 Alternative scenario: If the level of 161.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.50 Take profit 1: 165.00 Take profit 2: 167.00 Learn More Fundamental Trading Analysis of Verizon Low-beta stocks tend to be less volatile than the broad stock market, making them popular with conservative investors when the market gets choppy. U.S. telecommunications company Verizon Communications, however, has had an unusually volatile year. Our Analysis: As long as the price is above 36.50, follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 39.98 Take Profit 1: 43.00 Take Profit 2: 46.50 Alternative scenario: If the level of 36.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:short position Entry point: 36.50 Take Profit 1: 34.50 Take Profit 2: 32.00 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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