Daily Trading Analysis 12.04.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY ECB’s Villeroy: Eurozone inflation at risk of getting entrenched  Our Analysis: While the price is above 144.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 146.17 Take Profit 1: 147.00 Take Profit 2: 148.00 Alternative scenario: If the level 144.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.50 Take profit 1: 143.75 Take Profit 2: 142.60 Learn More Trading Analysis of GBP/JPY GBP/JPY buyers keep the reins for the fifth consecutive day as the cross-currency pair makes rounds to a one-week high surrounding 166.15-20 during early Wednesday. Our Analysis: As long as the price is above 164.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.35 Take profit 1: 169.00 Take Profit 2: 172.00 Alternative scenario: If the level of 164.50 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 164.50 Take profit 1: 163.00 Take profit 2: 161.75 Learn More Fundamental Trading Analysis of Procter & Gamble Recently, it has become more and more probable that the US economy is heading into a recession. Our Analysis: As long as the price is above 145.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 150.59 Take Profit 1: 153.00 Take Profit 2: 157.00 Alternative scenario: If the level of 145.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 145.00 Take Profit 1: 143.00 Take Profit 2: 140.00 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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