Day trading strategies on currency pair USDJPY 7-07-2016 by AzaForex forex broker, the best forex advice by trading experts

Some helpful advice if you are entering the forex market.
Japanese Yen is strengthening its position in the Forex market against many currency pairs. The US Dollar was unable to raise his price, and again is in a downtrend. From the next obstacle for the further falling of prices - only the closest support level 100.15, further price may continue to fall more than 100 points.
If the bears will be more persistent and will be able to reverse the intentions of the bulls regain the status quo, we will open a short position at the breakout of the support level with the aim to make a profit on your trading account.
 
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 100.15
•             The level of profit and close the position: 99.00 (115 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2800
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1020
 
GOLD
Possible bullish movement in the breakout of the resistance level 1376
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 00.9780