Daily Trading Analysis 06.09.2023

Technical & Fundamental analysis

Trading Analysis of EUR/JPY EUR/JPY battle to regain the 20-day SMA, bears remain resilient. Our Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.25 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 snaps two-day winning streak around 185.30 amid the cautious mood, BoJ intervention fear. Our Analysis: As long as the price is above 184.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 185.30 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 Pfizer Many investors are struggling to identify compelling reasons to invest in Pfizer at this juncture, particularly when assessing the company's stock market performance this year. Our Analysis: As long as the price is below 39.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 35.39 Take Profit 1: 34.00 Take Profit 2: 31.00 Alternative scenario: If the level of 39.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 39.00 Take Profit 1: 40.00 Take Profit 2: 44.00 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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