EURJPY buy trade idea 31 08 2021

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SL: 129.62

TP1: 130.12

TP2: 130.32

TP3: 130.52

Signal Analysis by LCMS Traders 

Currency Pair: EURJPY

BUY EURJPY 129.92 

Timeframe: H1

Step 1 - Previous News: EUR: -, JPY: Unemployment Rate slight decline

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: slightly out 

- MACD: both up

- Stochastic: H4 heading into over bought

- PSAR: bullish

Step 5 - Upcoming News: EUR: Eurozone CPI flash estimate 1700hrs, JPY: Consumer Confidence 1300hrs

EURJPY buy trade idea 31 08 2021

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