Main » 2010 » September » 13 » Forex Signals - Intraday Strategy for EUR / JPY 13/09/10
09:49 Forex Signals - Intraday Strategy for EUR / JPY 13/09/10 | |
| Pair EUR / JPY on the hourly chart is traded under the uptrend. It shows that the rate of EUR / JPY is trading above the moving average with period 55 per hour schedule (level 106.84), which in general has to appreciate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 107.80 in order to increase the resistance level at 108.15 and if it is the breakdown on the basis of hours to 108.51. Stoploss if this strategy can be placed at 107.30. I recommend to open short positions in the breakdown of support at 106.60 up to an hour, with a view to reducing the support level at 106.14 in the case of breakdown up to 105.74 hours. Stoploss if this strategy can be placed at 107.15. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of heavy traffic during the breakthrough technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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