USDJPY buy trade idea 23 09 2021
BUY USDJPY 109.86
SL: 109.56
TP1: 110.06
TP2: 110.26
TP3: 110.46
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
BUY USDJPY 109.86
Timeframe: H1
Step 1 - Previous News: USD: FOMC monetary policy unchanged, central bank did deliver a hawkish tone, JPY: Bank Holiday today
Step 2 - Trend: Across to Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow touch
- Stochastic: H4 in overbought
- PSAR: bullish
Step 5 - Upcoming News: USD: Flash PMI data 2145hrs, JPY: National Core CPI tomorrow 0730hrs, Flash Manufacturing PMI tomorrow 0830hrs
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