Day trading strategies on currency pair EURGBP 12-08-2016 by AzaForex forex broker, need some help to start forex trading here are some great tips

Well, the nearest target with previous trading recommendations of this currency pair has been reached. We have earned in this transaction 100 points. But a growing trend in the Euro exchange rate still is not showing its weakness. If this resistance level as easily be passed by bulls, we can go to the forex trade again, and try to earn another 130 points, while the price does not reach the next resistance level. Then, most likely, the trend will be suspended as daily support and resistance levels are stronger. As a rule, the price next to them begins to mark time before traders will choose the basic direction and join the Forex market by opening their positions on currency pairs. Most likely, to the end of the week all the trends that have been ready for technical analysis will slow the movement, and it is possible that a break of resistance level for this currency pair will happen next week, when foreign exchange investors, with new forces, will carry out their speculative transactions, thereby increasing the liquidity and volatility in the global Forex market.

The price is above a simple moving average 200 MA and 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: 0.8630
•    The level of profit and close the position: 0.8760 (130 pips)

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1342

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2930

Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9700

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 102.30