Daily Trading Analysis 25.01.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY snapped two days of consecutive gains and retraced some of its gains as the EUR/JPY clashed with the 100-day Exponential Moving Average (EMA) at 141.83 but could not crack it. Therefore, the cross dived beneath the latter, with Tuesday’s session closing at 141.65.  Our Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.93 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 The GBP/JPY pair sensed a decent buying interest after dropping near the round-level resistance of 160.00. The cross is attempting to extend its recovery meaningfully above 160.50 amid rising expectations for the continuation of bulky interest rate hikes by the Bank of England (BoE) ahead. Our Analysis: As long as the price is above 158.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.26 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 Citigroup After years of lagging behind in terms of profits, Citigroup launched a multi-year transformation plan in early 2021 that includes selling 14 international consumer banking divisions, investing more in more efficient businesses, and modernizing the bank. Our Analysis: As long as the price is above 48.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 51.35 Take Profit 1: 54.00 Take Profit 2: 57.00 Alternative scenario: If the level of 48.00 is broken-down, follow the recommendations below:        Time frame: D1 Recommendation: short position Entry point: 48.00 Take Profit 1: 46.00 Take Profit 2: 44.40 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