Main » 2012 » January » 3 » Forex Signals - intraday strategy for the pair EUR / JPY 03/01/2012
10:14 Forex Signals - intraday strategy for the pair EUR / JPY 03/01/2012 | |
| A pair of EUR / JPY on the hourly chart is trading in a downtrend. It shows that the rate of EUR / JPY is trading below the moving average with a period of 55 on the hourly chart (100.39 level), which in general has to depreciate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 99.83 in order to increase the resistance level at 100.04 and in case of breakdown up to 100.25 hours. Stoploss for this strategy can be placed at 99.45. I recommend to open short positions in the breakdown of support at 99.59 hours on end, to reduce to support at 99.33 and in case of breakdown up to 99.08 hours. Stoploss for this strategy can be placed at 99.95. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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