Daily Trading Analysis 26.07.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY snaps two-day losing streak below 156.00 amid firmer yields, ignores IMF’s push for hawkish BoJ move. Our Analysis: While the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.95 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 Learn More Trading Analysis of GBP/JPY GBP/JPY looks to regain 182.00 as risk profile improves, focus on China stimulus, BoJ. Our Analysis: As long as the price is above 180.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 181.87 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 AT&T Over the past two years, AT&T has been actively restructuring its business by divesting its non-core assets and initiating spin-offs of DirecTV and WarnerMedia. Our Analysis: While the price is below 16.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 14.43 Take Profit 1: 13.30 Take Profit 2: 12.00 Alternative scenario: If level 16.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 16.00 Take Profit 1: 17.00 Take Profit 2: 18.00 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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