USDJPY Daily Outlook for 20th December, 2013 (Friday)

USDJPY Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Held quite well at the new support area 
• We are looking for 105 before some bigger entrancement 
• Please note the bearish butterfly is still a potential setup to the downside

Hourly Chart

• On the hourly the new support is very well respected
• We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade
• Stochastics are overbought, but if goes higher, to 104.50 possible divergence 

Outlook Trade opportunity

We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade for at least 15pips profit where we will tp 80% of the trade and leave2 0% to run lower 

Risk Level Medium

Tips -

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