Daily Trading Analysis 02.08.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY gains ground following high-tier European data. Our Analysis: While the price is above 154.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.38 Take Profit 1: 158.00 Take Profit 2: 159.00 Alternative scenario: If the level 154.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 154.00 Take profit 1: 152.50 Take Profit 2: 151.40 Learn More Trading Analysis of GBP/JPY GBP/JPY gains ground as BoJ's credibility wanes. Our Analysis: As long as the price is above 180.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 183.13 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 Coca-Cola Investing to achieve financial independence through passive income is a common aspiration for many. Our Analysis: As long as the price is above 61.00, follow the recommendations below: Time frame: D1 Recommendation:long position Entry point: 61.79 Take Profit 1: 63.00 Take Profit 2: 64.00 Alternative scenario: If the level of 61.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 61.00 Take Profit 1: 60.00 Take Profit 2: 59.00 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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