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USDJPY buy trade idea 23 09 2021

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#OPINIONLEADER# #Signal#

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

USDJPY buy trade idea 23 09 2021

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