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