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USDJPY sell trade idea 22 09 2021

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#OPINIONLEADER# #Signal#

SELL USDJPY 109.50

SL: 109.80

TP1: 109.30

TP2: 109.10

TP3: 108.90

Signal Analysis by LCMS Traders

Currency Pair: USDJPY

SELL USDJPY 109.50 

Timeframe: H1

Step 1 - Previous News: USD: Housing data increase in the number of building approvals, JPY: BOJ Policy Rate unchanged

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators 

- Bollinger Bands: within

- MACD: fast turning towards down, slow up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: USD: FOMC monetary policy decision tomorrow 0200hrs, JPY: Bank Holiday tomorrow

USDJPY sell trade idea 22 09 2021

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