Forex Trading recommendation on AUDJPY 2-06-2016 by AzaForex forex broker, learn how to benefit from foreign exchange trading

Simple ways to improve your foreign exchange trades.
 The Australian dollar was not able to do anything with the onslaught of the Japanese yen. The resistance level proved too tough for the bulls and the pair rushed down. In Forex there is a change in exchange rates for all currency pairs with the Australian dollar. Judging by the weakness of the currency, it can be assumed that the level of support 78.20 could not withstand the pressure and the bears will lower the rate quotes further below.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The average came out of the MACD histogram, indicating bearish movement.
 
If the support level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Sell
•             The level of entry into short position 78.20
•             The level of profit and close the position: 77.00 (120 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4380
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1205.50
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1220
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9850