Daily Trading Analysis 05.07.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY traces firmer yields above 157.00, Eurozone inflation clues, Japan intervention eyed. Our Analysis: While the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.34 Take Profit 1: 159.00 Take Profit 2: 161.00 Alternative scenario: If the level 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.00 Take profit 1: 152.30 Take Profit 2: 150.40 Learn More Trading Analysis of GBP/JPY GBP/JPY consolidates at around the 183.60s area after hitting a year-to-date (YTD) high of 183.90, shy of hitting the 184.00 mark. On Tuesday, the GBP/JPY finished the session around 183.59, nearby its open price, forming a doji. Our Analysis: As long as the price is above 180.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 183.77 Take profit 1: 184.50 Take Profit 2: 186.00 Alternative scenario: If the level of 180.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 180.00 Take profit 1: 179.00 Take profit 2: 178.00 Learn More Fundamental Trading Analysis of Disney Walt Disney was in dire need of a blockbuster to regain momentum over the weekend. Our Analysis: As long as the price is above 87.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 90.13 Take Profit 1: 94.00 Take Profit 2: 100.00 Alternative scenario: If the level of 87.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 87.00 Take Profit 1: 84.00 Take Profit 2: 80.00 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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