Daily Trading Analysis 24.05.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY stalls around 149.20s after hitting a weekly high of around 150.00. Our Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.31 Take Profit 1: 151.50 Take Profit 2: 153.00 Alternative scenario: If the level 146.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 146.80 Take profit 1: 145.40 Take Profit 2: 143.00 Learn More Trading Analysis of GBP/JPY GBP/JPY oscillates around 172.00 as sentiment sours on US political standstill. Our Analysis: As long as the price is above 168.00 follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 170.36 Take profit 1: 174.00 Take Profit 2: 176.00 Alternative scenario: If the level of 168.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 168.00 Take profit 1: 166.50 Take profit 2: 164.60 Learn More Fundamental Trading Analysis of Alphabet Alphabet has been making headlines, as is typical for one of the largest tech companies. Our Analysis: As long as the price is above 115.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 122.89 Take Profit 1: 128.00 Take Profit 2: 133.00 Alternative scenario: If the level of 115.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 115.00 Take Profit 1: 112.00 Take Profit 2: 109.00 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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