Forex Trading recommendation on EURJPY 14-04-2016 by AzaForex

Learn how to benefit from foreign exchange trading.
Euro very weak and almost not resisting the Japanese. Yen does not give a chance to raise the price up. Nearer the level of support. If the price breaks the level, then nothing will stop the bears. The indicators do not show strong momentum, and we'll see how bears will behave near support level.
The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, 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 122.40
•             The level of profit and close the position: 120.40 (200 pips)
 
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1230
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1245.90
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9670
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 109.60