Daily Trading Analysis 18.01.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair has displayed a juggernaut run as the Bank of Japan (BOJ) has kept the monetary policy unchanged. BoJ Governor Haruhiko Kuroda has kept the interest rate unchanged at -0.1% and the 10-year Japan Government bonds (JGBs) target at around 0%.  Our Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.33 Take Profit 1: 143.80 Take Profit 2: 145.60 Alternative scenario: If the level 140.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.80 Take profit 1: 138.80 Take Profit 2: 137.80 Learn More Trading Analysis of GBP/JPY GBP/JPY braces for the biggest daily gains in two weeks after the Bank of Japan (BoJ) disappointed the Yen buyers during early Wednesday, up 1.80% intraday near 160.40 by the press time. Adding strength to the cross-currently pair’s upside momentum could be the hopes of upbeat inflation data from the UK. Our Analysis: As long as the price is above 158.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.01 Take profit 1: 162.35 Take Profit 2: 165.00 Alternative scenario: If the level of 158.50 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 158.50 Take profit 1: 155.00 Take profit 2: 152.50 Learn More Fundamental Trading Analysis of Disney This year is a special year for the Walt Disney Company, as 2023 is the centennial of the company's founding. Our Analysis: As long as the price is above 94.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 99.64 Take Profit 1: 107.00 Take Profit 2: 116.00 Alternative scenario: If the level of 94.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 94.00 Take Profit 1: 90.00 Take Profit 2: 84.00 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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