USDJPY Outlook & Trade Setup for the week 3rd - 7th February 2014
- Last week candle is negative
- We have a steep ascending trendline
- Stochs should have divergence when support is found
- Daily candle closed the day lowest of the week
- Please note to also look at ichimoku indicator on yen pairs, - you will see we are trading in the clouds,, and that the bottom of the clouds is where my blue buy zone is. Also the lines are becoming horizontal which have higher chance for price to attract higher.