Analysis on USDJPY 16.04.2015.

The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below zero level in correction.

If the level of support is broken, you shall follow recommendations below:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position  118,70
• Take Profit Level: 117,40 (130 pips)
• Stop Loss Level: 119,15 (45 pips)

If the price rebound from support level, you shall follow recommendations below:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position  119,30
• Take Profit Level: 120,30 (100 pips)
• Stop Loss Level: 119,00 (30 pips)

 
GOLD
Possible long position at the breakout level 1210.40
 
GBPUSD
According to the recommendations GBPUSD open long position

EURUSD
Possible long position at the breakout level 1.0742
 
USDCHF
Possible short position at the breakdown level 0.9600