USDJPY Forecast and Trade setup for the week ending 12th September, 2014

USDJPY Forecast and Trade setup for the week ending 12th September, 2014

Weekly Chart

• Strong resistance - needs to see clear break for continuation

Daily Chart

• Indecisive candle close on friday, , however i still favor the upside as the retracements are very shallow

Hourly Chart

• There is negative divergence on all three indicators - i expect some minor pressure, and price to go into the low - mid 104 and look for a bounce

Outlook Trade opportunity

Long trade around the low 104

Risk Level __

Tips -

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