Main » 2010 » April » 20 » Forex Signals - Intraday Strategy for GBP / JPY 20/04/10
16:43 Forex Signals - Intraday Strategy for GBP / JPY 20/04/10 | |
| Pair GBP / JPY on the hourly chart is traded in the range 132.01-163.08. It shows that the rate of GBP / JPY is trading above the moving average with period 55 per hour schedule (level 141.84), which generally contributes to the prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 143.14 with a view to increasing the resistance at 143.45 and if it is the breakdown on the basis of hours to 143.80. Stoploss if this strategy can be placed on the level of 142.68. I recommend to open short positions after the breakdown on the basis of hours of support at 142.78 with a view to reducing the level of support at 142.50-47, and in case of breakdown to 142.06. Stoploss if this strategy can be placed at 143.30. 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 position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
| |
|
| |
| Total comments: 0 | |
Moscow Time
New York Time
London Time
Tokyo Time