Day trading strategies on currency pair GBPJPY 5-07-2016 by AzaForex forex broker, trading in forex just got a lot easier with these tips

Tips for forex traders that may help your trading.
Pound was unable to recover after such a sharp fall. All attempts of the currency to raise its rate turned out to be a failure. Watching the currency pairs that are in the cross with the Pound, you can see the dynamics of the downward trend. Where the price has broken through the support level at which the currency price is reached to the level of support, but overall, downward movement and the rally down to the Pound Forex market is assured. We also decided to join the Bears and will open a short position as soon as the price will be the level of support. Given that the next support level on the chart is too far away, this trading can bring good profits.
 
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 133.20
•             The level of profit and close the position: 131.00 (220 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.1300
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1190
 
GOLD
Possible bullish movement in the breakout of the resistance level 1358
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9680