Friday, December 20, 2013

USDJPY Daily Outlook for 20th December, 2013 (Friday)

USDJPY Daily Outlook for 20th December, 2013 (Friday)


Daily Chart

  • Held quite well at the new support area 
  • We are looking for 105 before some bigger entrancement 
  • Please note the bearish butterfly is still a potential setup to the downside


Hourly Chart


  • On the hourly the new support is very well respected
  • We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade
  • Stochastics are overbought, but if goes higher, to 104.50 possible divergence 


Outlook Trade opportunity

We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade for at least 15pips profit where we will tp 80% of the trade and leave2 0% to run lower 

Risk Level Medium


Tips -

Always take note of any economical news event on our provided calender below



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