Forex Trading recommendation on GBPJPY 6-05-2016 by AzaForex

Hot tips you need to know about forex trading.
The British Pound is unable to oppose the Japanese Yen. In the Forex market after the recent recovery observed some kind of peace. The Pound exchange rate is in a downward trend, and the Japanese would not be difficult to lower the price to the next support level. Such movement of the currency pair will give us the opportunity to earn more than 200 points. The bulls still resist, but the bears can change the mood of the traders.

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 154.40
•    The level of profit and close the position: 152.40 (200 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4530

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1283

Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1440
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9650