SELL USDJPY 110.64
SL: 110.94
TP1: 110.44
TP2: 110.24
TP3: 110.04
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 110.64
Timeframe: H1
Step 1 - Previous News: USD: Revised UoM Consumer Sentiment slight downward revision, JPY: -
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: USD: -, JPY: Unemployment Rate tomorrow 0730hrs, Retail Sales y/y 0750hrs
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