Daily Trading Analysis 22.03.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY The EUR/JPY pair is displaying topsy-turvy moves in a narrow range around 142.55 in the early Tokyo session. The cross is likely gathering strength for further upside as the European Central Bank (ECB) would be continued with bigger rates spell to sharpen its monetary tools in the battle against Eurozone’s sticky inflation.  Our Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 142.59 Take Profit 1: 141.50 Take Profit 2: 140.00 Alternative scenario: If the level 143.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.00 Take profit 1: 144.20 Take Profit 2: 145.60 Learn More Trading Analysis of GBP/JPY The GBP/JPY pair has gradually inched back to near the 162.00 resistance in the early European session. The cross is likely to possess an upside bias ahead of the monetary policy announcement by the Bank of England (BoE). Our Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.47 Take profit 1: 165.00 Take Profit 2: 169.00 Alternative scenario: If the level of 162.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 162.00 Take profit 1: 159.00 Take profit 2: 157.00 Learn More Fundamental Trading Analysis of Walmart Even though the whole world is facing serious macroeconomic and geopolitical problems, especially high inflation and rising interest rates, some things never change. Our Analysis: As long as the price is above 139.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.23 Take Profit 1: 144.00 Take Profit 2: 148.00 Alternative scenario: If the level of 139.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 139.00 Take Profit 1: 136.00 Take Profit 2: 133.00 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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