SELL USDJPY 110.44
SL: 110.74
TP1: 110.24
TP2: 110.04
TP3: 109.84
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 110.44
Timeframe: H1
Step 1 - Previous News: USD: -, JPY: Core CPI slightly inched up as expected
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow up
- Stochastic: H4 coming out from over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: FOMC Member Daly Speaks 2300hrs, Fed Chair Powell Testifies tomorrow 0200hrs, JPY: Monetary Policy Meeting Minutes tomorrow 0750hrs
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