Main » 2010 » May » 28 » Forex Signals - Intraday strategy USD / JPY 28/05/10
15:51 Forex Signals - Intraday strategy USD / JPY 28/05/10 | |
| A pair USD / JPY is traded on the hourly chart within the downtrend. It shows that the rate of USD / JPY is trading above the moving average with period 55 on the hourly chart (level 90.60), which generally contributes to the prices in the short term. I recommend to open long positions following the breakdown of the results of hours of resistance at 91.32 in order to increase the resistance at 91.55 and if it manifests itself in 91.77. Stoploss if this strategy can be placed at the level of 90.90. I recommend to open short positions after the breakdown on the basis of hours of support at 90.98 with a view to reducing the support level at 90.77 and if it is the breakdown of 90.51. Stoploss if this strategy can be placed at the level of 91.36. 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 the open positions on the basis of hours, to avoid false breakouts. In 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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