FOREX FORECAST FOR 27TH OF NOVEMBER, 2012.
Money and Finance

FOREX FORECAST FOR 27TH OF NOVEMBER, 2012.


Today on the 1 hour chart, the price of USD/JPY is on a downwards trends.  We are expecting the downwards movement to continue and break the support line 81.71. But our focused point is the pivot point marked with thick black line 82.62.

RECOMENDATION : Buy if the price break the resistance level line 82.62 and is heading upwards with a stop loss place a little below the  82.62 resistance level.

Sell if the price continues towards the support line 81.71 and its moving downwards with your stop loss place a little above the  82.62 resistance line and take profit at level 81.71 and 81.08 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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