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USDJPY buy trade idea 20 07 2021

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#OPINIONLEADER# #Signal#

BUY USDJPY 109.59

SL: 109.29

TP1: 109.79

TP2: 109.99

TP3: 110.19

Signal Analysis by LCMS Traders

Currency Pair: USDJPY

BUY USDJPY 109.59 

Timeframe: H1

Step 1 - Previous News: USD: -, JPY: National Core CPI y/y slight increase

Step 2 - Trend: Across to Down, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: USD: Housing data 2030hrs, JPY: Monetary Policy Meeting Minutes tomorrow 0750hrs


USDJPY buy trade idea 20 07 2021


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