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