EURJPY buy trade idea 23 06 2021

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SL: 131.85

TP1: 132.35

TP2: 132.55

TP3: 132.75

Signal Analysis by LCMS Traders 

Currency Pair: EURJPY

BUY EURJPY 132.15 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone Consumer Confidence slight decline, JPY: Core CPI y/y no change, Flash Manufacturing PMI slowdown in the pace of expansion

Step 2 - Trend: Down to Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touch, slow turning

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: EUR: French flash PMI 1515hrs, German Flash PMI 1530hrs, Eurozone flash PMI 1600hrs, ECB President Lagarde Speaks tomorrow 0000hrs, JPY: -

EURJPY buy trade idea 23 06 2021

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