Wednesday, July 12, 2023

Daily Trading Analysis 12.07.2023

Trading Analysis of EUR/JPY

EUR/JPY bears take command and threaten the 154.00 zone








Our Analysis:


While the price is above 151.60, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 153.83
  • Take Profit 1: 156.85
  • Take Profit 2: 159.00


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
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Trading Analysis of GBP/JPY

GBP/JPY waves around 181.00; bulls await a breakthrough








Our Analysis:


As long as the price is above 180.00 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 180.71
  • 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
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Fundamental Trading

Analysis of Meta Platforms

Shares of Meta Platforms have experienced a remarkable surge in 2023, more than doubling in value. 









Our Analysis:


As long as the price is above 275.00, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 297.91
  • Take Profit 1: 310.00
  • Take Profit 2: 325.00


Alternative scenario:


If the level of 275.00 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 275.00
  • Take Profit 1: 262.00
  • Take Profit 2: 250.00
Learn More
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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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