Wednesday, July 19, 2023

Daily Trading Analysis 19.07.2023

Trading Analysis of EUR/JPY

EUR/JPY: Next on the upside emerges the 158.00 region.








Our Analysis:


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

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 155.97
  • 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 trades flat ahead of UK CPI figures.









Our Analysis:


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

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 181.10
  • 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 JPMorgan Chase

JPMorgan Chase has demonstrated exceptional management and foresight in recent years.







Our Analysis:


As long as the price is above 147.00, follow the recommendations below

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 153.66
  • Take Profit 1: 157.00
  • Take Profit 2: 160.00


Alternative scenario:


If the level of 147.00 is broken-down, follow the recommendations below::

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 147.00 
  • Take Profit 1: 144.00
  • Take Profit 2: 141.00
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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