Forex Trading recommendation on GBPJPY 19-05-2016 by AzaForex forex broker

Follow these simple techniques for expert trading on the foreign exchange market.
The British Pound was simply soared against all currency pairs. In the Forex market, after news there was a notable activity of all quotations. The graph shows that the pound is strong enough gone up, but still lags behind the movement of this currency pair. We can assume that investors and traders are not assessed the potential to progress and this currency pair will be able to go to the next resistance level of 150 points.

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: 161.00
•             The level of profit and close the position: 162.60 (160 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1251
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1200
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9890
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4640