Daily Trading Analysis 31.05.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY advances as the Wednesday Asian session begins after printing two consecutive days of losses, which witnessed the EUR/JPY pair falling from around the 151.00 figure toward the low 150.00s Our Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.13 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 is testing fresh bull cycle highs near 174.00 but this may be the highs. Our Analysis: As long as the price is above 168.00 follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 172.79 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 Disney Investors in Walt Disney have been struggling to find positive momentum. Our Analysis: While the price is below 96.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 87.59 Take Profit 1: 84.00 Take Profit 2: 80.00 Alternative scenario: If the 96.00 level is broken-down, follow the recommendations below:     Time frame: D1 Recommendation: long position Entry point: 96.00 Take Profit 1: 99.00 Take Profit 2: 102.00 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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