Analysis on USDJPY 2.04.2015.

The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
The MACD is in a zero level, the average came out of the histogram.
The oscillator Force Index is below the zero level.

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

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position  119,40
• Take Profit Level: 118,40 (100 pips)
• Stop Loss Level: 119,80 (40 pips)

If the price rebound from support level 119.4 you shall follow recommendations below:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position  119,90
• Take Profit Level: 121,10 (120 pips)
• Stop Loss Level: 119,40 (50 pips)

 
GOLD
Possible long position at the breakout level 1208.20
 
GBPUSD
Possible short position at the breakdown level 1.4740
 
EURUSD
Possible long position at the breakout level 1.0850
 
USDCHF
Possible short position at the breakdown level 0.9600