Daily Trading Analysis 26.04.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014. Our Analysis: While the price is above 144.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 146.77 Take Profit 1: 148.00 Take Profit 2: 149.00 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 The GBP/JPY has plunged from a weekly high of just under 168.000 to just under 166.000 at the time of writing as risk-averse trades take over the market. The pair did bottom out at 165.400 before a slight rebound with support appearing at 165.550.  Our Analysis: As long as the price is above 164.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.05 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 Tesla Despite a year-to-date rally of 73% in 2023, Tesla's stock is still considerably lower than its all-time high of $410 achieved in late 2021 Our Analysis: As long as the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.86 Take Profit 1: 177.00 Take Profit 2: 200.00 Alternative scenario: If the level of 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.00 Take Profit 1: 137.00 Take Profit 2: 123.00 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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