Forex Trading recommendation on AUDJPY 31-05-2016 by AzaForex forex broker, learn how to benefit from foreign exchange trading

The Australian Dollar is doing another attempt to change its rate against the Japanese Yen. This currency pair in the Forex market the last time was in range, but now the bulls are determined. The price only keeps the resistance level of 80.70. Typically, such figures on the chart indicate the fracture rate, therefore, when the penetration level of join the traders who buy the dollar.

The price is above a simple moving average 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
 
If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 80.70
•             The level of profit and close the position: 81.70 (100 pips)
 
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Possible bearish movement in the breakdown of the support level 1206
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1160
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9890
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4560