Main » 2010 » May » 14 » Forex Signals - Intraday Strategy for EUR / JPY 14/05/10
09:43 Forex Signals - Intraday Strategy for EUR / JPY 14/05/10 | |
| Pair EUR / JPY on the hourly chart is traded within the uptrend. It shows that the rate of EUR / JPY is trading below the moving average with period 55 per hour schedule (level 117.46), which in general has a lower rate in the short term. I recommend to open long positions following the breakdown of the results of hours of resistance at 117.83 in order to increase the resistance at 118.55 and if it is the breakdown on the basis of hours to 118.99. Stoploss if this strategy can be placed at the level 117.27. I recommend to open short positions in the breakdown of support at 115.90 up to an hour, with a view to reducing the level of support at 115.17 in the case of breakdown up to 114.61 hours. Stoploss with this strategy, you can place at the level at 116.65. Given 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 to open positions up to an hour to avoid false breakouts. In the case of a strong movement in the breakout 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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