Daily Trading Analysis 16.08.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY consolidates below the multi-year peak touched on Tuesday, bullish bias remains. Our Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.28 Take Profit 1: 160.00 Take Profit 2: 162.00 Alternative scenario: If the level 155.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.80 Take profit 1: 154.00 Take Profit 2: 152.00 Learn More Trading Analysis of GBP/JPY GBP/JPY consolidates its gain above the 184.80 mark ahead of UK CPI. Our Analysis: As long as the price is above 183.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 185.04 Take profit 1: 186.00 Take Profit 2: 187.00 Alternative scenario: If the level of 183.00 is broken-down, follow the recommendations below:  Time frame: D1 Recommendation: short position Entry point: 183.00 Take profit 1: 180.60 Take profit 2: 179.00 Learn More Fundamental Trading Analysis of Disney Walt Disney is currently navigating a challenging period, which is hardly a hidden fact. Our Analysis: As long as the price is below 90.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 86.80 Take Profit 1: 85.00 Take Profit 2: 81.00 Alternative scenario: If the 90.00 level is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 90.00 Take Profit 1: 94.00 Take Profit 2: 97.00 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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