Day trading strategies on the currency pair GBPUSD 22-07-2016 by AzaForex forex broker, confused about foreign exchange you wont be after reading this
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Pound tried, but was not able to improve their situation. The US dollar with other currency pairs in the Forex market, that are trading with Pound looks much more confident. And now, looking at the chart, there is a strong desire to sell the pound immediately. This figure of technical analysis shows to all traders and investors, that the decline of the pound has not gone anywhere, and can only take the form of a second wave of the downtrend. In UK there is not much optimism about economy and the financial sector, so the weakening of the British currency is quite possible. And if this fall will begin, we can earn at least 200 points, taking into account the other currency pairs, where the earning potential is much greater, given the nature of the movement and the extent of changes in other currencies. Therefore, if everything will go on with the proposed scenario, we will open a short position and leave it for the next week. Over the weekend there is much to change in the world and a lot can happen with variety of events and the opening session on Monday will put everything in its place.
 
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 1.3060
•             The level of profit and close the position: 1.2800 (260 pips)
 
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 105.50
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0970
 
GOLD
Possible bullish movement in the breakout of the resistance level 1333
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9905