Daily Trading Analysis 14.06.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY nears cycle high amid rising yields. Our Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.15 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 trades just below its highest level since December 2015 ahead of UK macro data. Our Analysis: As long as the price is above 173.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 176.73 Take profit 1: 178.00 Take Profit 2: 180.00 Alternative scenario: If the level of 173.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 173.00 Take profit 1: 172.50 Take profit 2: 171.00 Learn More Fundamental Trading Analysis of Alibaba Alibaba was previously regarded as a promising investment opportunity tied to China's extensive growth prospects. Our Analysis: As long as the price is above 79.00, follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 87.39 Take Profit 1: 93.00 Take Profit 2: 103.00 Alternative scenario: If the level of 79.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 79.00 Take Profit 1: 75.00 Take Profit 2: 70.00 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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