Forex Trading recommendation on USDJPY 31-03-2016 by AzaForex

New forex trader get started with these tips .
The dollar again is inferior to all currencies. Downward movement seems to be resumed again. We see the classic triangle and the potential for the price to drop more than 100 points.
 
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.
The oscillator Force Index is below zero level now, indicating the strength of bears.
 
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 110.90
•             The level of profit and close the position: 110.00 (90 pips)
 
 
Forex GOLD
Possible bullish movement in the breakout of the resistance level 1244
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4460
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1380
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9590