USDJPY forecast for the week 13th January, 2014

USDJPY forecast for the week 13th January, 2014

Daily Chart

• The weaker dollar will drive the dollar yen lower and i expect it to test the 102 level and rebound

Hourly Chart

• As my chart suggest, i expect prices to reach my target area

Outlook Trade opportunity

There is two trades, one on a daily chart where you will need to trade a very small position as stops and targets are very wide however RR should be 1:2

The other is on the hourly chart, where if you want to counter trade, buy at the lower part of my target area, or if you follow trend, sell on retrace but with a distance for profit to the target area.

Risk Level LOW

Tips -

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