USDJPY sell trade idea 21 06 2021
SELL USDJPY 109.85
SL: 110.15
TP1: 109.65
TP2: 109.45
TP3: 109.25
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 109.85
Timeframe: H1
Step 1 - Previous News: USD: Last Friday FOMC member Bullard said that he expects the Fed to hike rate in late 2022, JPY: BoJ held monetary policy unchanged
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: USD: FOMC Member Williams Speaks tomorrow 0300hrs, JPY: -
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