Daily Trading Analysis 21.06.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY eyes downtrend amid overbought RSI’s, ECB hawks hold back fall. Our Analysis: While the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.92 Take Profit 1: 156.00 Take Profit 2: 158.00 Alternative scenario: If the level 151.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.60 Take profit 1: 150.40 Take Profit 2: 148.60 Learn More Trading Analysis of GBP/JPY GBP/JPY ticks higher to 180.70-75 area ahead of UK CPI, focus remains on BoE on Thursday. Our Analysis: As long as the price is above 177.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 181.35 Take profit 1: 182.00 Take Profit 2: 184.00 Alternative scenario: If the level of 177.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 177.50 Take profit 1: 176.00 Take profit 2: 174.60 Learn More Fundamental Trading Analysis of Microsoft When Satya Nadella assumed the role of CEO at Microsoft in 2014, the company's value stood at approximately $300 billion. Our Analysis: As long as the price is above 325.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 338.13 Take Profit 1: 350.00 Take Profit 2: 370.00 Alternative scenario: If the level of 325.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 325.00 Take Profit 1: 315.00 Take Profit 2: 300.00 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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