09:48 Forex Signals - Intraday Strategy for EUR / JPY 16/08/10 | |
| Pair EUR / JPY on the hourly chart is traded under the downtrend is likely to move downward. It shows that the rate of EUR / JPY is trading below the moving average with period 55 per hour schedule (level 110.19), which in general has a lower rate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 110.44 in order to increase the resistance at 110.86-97 and if it is the breakdown on the basis of hours to 111.36-69. Stoploss if this strategy can be placed at 109.88. I recommend to open short positions in the breakdown of support at 109.59 up to an hour, with a view to reducing the level of support at 109.25-20, and in case of breakdown up to an hour to 108.66 Continuous. Stoploss if this strategy can be placed at the level of 110.21. Given that the moving average and the location of boundaries of technical figures over time moves must be at 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 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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