Daily Trading Analysis 15.02.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY pushes higher and surpasses the key barrier at 142.00 the figure on Tuesday. Our Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.86 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 monthly upbeat UK jobs data underpins the Sterling and acts as a tailwind for the cross. Our Analysis: As long as the price is above 158.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.98 Take profit 1: 163.00 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 Alphabet Alphabet's Google search engine is known to dominate the competition. In fact, in 2021, the top search query on Microsoft's Bing search engine was "google. Our Analysis: As long as the price is above 92.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 94.47 Take Profit 1: 100.00 Take Profit 2: 105.00 Alternative scenario: If the level of 92.00 is broken-down, follow the recommendations below:    Time frame: D1 Recommendation: short position Entry point: 92.00 Take Profit 1: 90.00 Take Profit 2: 87.00 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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