Daily Trading Analysis 23.08.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY: JPY trades strong but the upside is limited by dovish BoJ. Our Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.15 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 mildly offered below 186.00 on upbeat Japan data, a pullback in yields ahead of the UK PMI. Our Analysis: As long as the price is above 184.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 185.70 Take profit 1: 187.00 Take Profit 2: 189.00 Alternative scenario: If the level of 184.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 184.00 Take profit 1: 182.50 Take profit 2: 180.60 Learn More Fundamental Trading Analysis of AT&T Each investor is guided by unique timelines and objectives, shaping their portfolio composition in alignment with these aspirations. Our Analysis: As long as the price is below 15.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 14.18 Take Profit 1: 13.40 Take Profit 2: 12.00 Alternative scenario: If the level of 15.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 15.00 Take Profit 1: 16.00 Take Profit 2: 17.00 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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