USDJPY Trade Setup & Forecast for the week 17th Feb, 2014

USDJPY Trade Setup & Forecast for the week 17th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

There is a few uncertainty with this pair, I have a Buy setup on the hourly chart, however traders need to becareful, as if it gets to that price, on the daily, price will break the clouds signalling a bearish trend, however it could be a false break. Having said that, the multiple exact confluence of fib levels is quite strong to give it a push.

Outlook Trade opportunity

Please see Hourly Chart

Risk Level Medium

Tips -

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