EURJPY buy trade idea 11 06 2021

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SL: 133.08

TP1: 133.58

TP2: 133.78

TP3: 133.98

Signal Analysis by LCMS Traders

Currency Pair: EURJPY

BUY EURJPY 133.38 

Timeframe: H1

Step 1 - Previous News: EUR: Day 1 of the G7 meetings, ECB kept monetary policy unchanged, JPY: Day 1 of the G7 meetings

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bearish

Step 5 - Upcoming News: EUR: G7 meetings over the weekend, JPY: G7 meetings over the weekend

EURJPY buy trade idea 11 06 2021

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