USDJPY Daily Outlook for 13th December 2013 (Friday)

USDJPY Daily Outlook for 13th December 2013 (Friday)

Daily Chart

At the time of posting, the U/J has reached new highs for the month and reached the yearly high as well, Any clear break of that high will bring out 105 handle.

• Bearish butterfly is possible up until the 105.5-106 handle

Hourly Chart

At the time of posting, U/J is trying to break yearly highs.  As i don't like to trade break outs, we are going to observe and let the dust settle and then trade accordingly. My Bias is to break the yearly highs and on towards the 105-106.

• Currently extremely overbought on all indicators

Outlook Trade opportunity

My comments from yesterday analysis was we are still in a bull run as we have not performed lower lows , For those who went long from my recommendation should have been quite profitable

For today No trade - Let the dust settle while we

Risk Level _No trade

Tips -

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

AUDJPY Daily Outlook for 13th December, 2013 (Friday)

AUDJPY Daily Outlook for 13th December, 2013 (Friday)

Daily Chart

"Small body tails on both ends"

• Stochastic is is not showing any signs of oversold or overbought, and going up in a uptrend
• Daily chart travelling in a channel 
• Candle shows "i don't know"

Hourly Chart

"My entry for long recommendation was to the PIP!"

• Huge Bear candle yesterday hitting a full retrace 100% from the low to high from 5th of dec., (We might be trading in a range)
• My medium term view is to go up to 93.50 area (very speculative) 

Outlook Trade opportunity

My long idea for yesterday from the 91.90 was very accurate. My medium view is to 93.50 . I have took profit 80% of my position and leaving 20% to run

For those who have missed out or already took profit, we can do the same IF the market retest the area.

#1 - Long from 91.90 ride it up to Daily Pivot and TP or Partial and let it run

Risk Level High - Bottom picking here!

Tips -

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