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USDJPY buy trade idea 27 09 2021

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#OPINIONLEADER# #Signal#

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

USDJPY buy trade idea 27 09 2021

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