USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

Weekly Chart

• Weekly candle broke trendline
• Rising Stochastics
• RSI Above 50

Daily Chart

• Broke through trendline, , retest with a good hammer - bullish look
• MACD in bullish territory

Hourly Chart

• After breaking out of the descending trendline Perhaps going break out of the range and on to 104

Outlook Trade opportunity

no setup as yet, but bullish signs

Risk Level __

Tips -

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