Main » 2010 » May » 17 » Forex Signals - Intraday Strategy for EUR / JPY 17/05/10
09:58 Forex Signals - Intraday Strategy for EUR / JPY 17/05/10 | |
| Pair EUR / JPY on the hourly chart is traded under the downtrend is likely to move upward. It shows that the rate of EUR / JPY is trading below the moving average with period 55 per hour schedule (level 116.18), 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 116.60 to raise the resistance level at 117.34 and if it is the breakdown on the basis of hours to 117.85. Stoploss if this strategy can be placed at 115.85. I recommend to open short positions in the breakdown of support at 112.41 up to an hour, with a view to reducing the support level at 111.56 in the case of breakdown up to 110.61 hours. Stoploss if this strategy can be placed at the level 113.22. 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 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 stance towards breakdown. Analyst "Forex Analytics" Alex Sedyshev
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