Main » 2010 » August » 25 » Forex Signals - Intraday Strategy for GBP / JPY 25/08/10
16:14 Forex Signals - Intraday Strategy for GBP / JPY 25/08/10 | |
| Pair GBP / JPY is traded on the hourly chart as part of an uptrend. It shows that the rate of GBP / JPY is trading below the moving average with period 55 per hour schedule (level 131.13), which generally helps to reduce prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 131.50 with a view to increasing the resistance at 131.98 and if it is the breakdown on the basis of hours to 132.40. Stoploss if this strategy can be placed at 130.95. I recommend to open short positions after the breakdown of the results of hours support at 129.57 with a view to reducing the support level at 129.11 and in the case of breakdown to 128.72. Stoploss if this strategy can be placed at 130.30. 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 has been resistance to become 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