Main » 2010 » September » 22 » Signals Forex - Intraday Strategy for EUR / JPY 22/09/10
10:00 Signals Forex - Intraday Strategy for EUR / JPY 22/09/10 | |
| Pair EUR / JPY on the hourly chart is traded through the uptrend is likely to move downward. It shows that the rate of EUR / JPY is trading above the moving average with period 55 per hour schedule (level 112.29), which in general has to appreciate in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 112.97 in order to increase the resistance level at 113.56 and if it is the breakdown on the basis of hours to 114.08. Stoploss if this strategy can be placed at 112.40. I recommend to open short positions in the breakdown of support at 111.57 up to an hour, with a view to reducing the level of support at 111.14-03, and in case of breakdown up to an hour to 110.69-36. Stoploss if this strategy can be placed at 112.20. 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. If a strong movement in the breakout technology figures, I would recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open a position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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