USDJPY buy trade idea 27 09 2021
BUY USDJPY 110.68
SL: 110.38
TP1: 110.88
TP2: 111.08
TP3: 111.28
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
BUY USDJPY 110.68
Timeframe: H1
Step 1 - Previous News: USD: New Home Sales data continued increase in the number, JPY: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touching, slow down
- Stochastic: H4 heading down
- PSAR: near bullish
Step 5 - Upcoming News: USD: FOMC members will be speaking today and tomorrow, JPY: Monetary Policy Meeting Minutes tomorrow 0750hrs
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