SELL USDJPY 110.88
SL: 111.18
TP1: 110.68
TP2: 110.48
TP3: 110.28
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 110.88
Timeframe: H1
Step 1 - Previous News: USD: U.S. jobs report last Friday indicated a higher-than-expected job gains, Unemployment rate rose slightly, JPY: -
Step 2 - Trend: Up to Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 coming out from over sold
- PSAR: bearish
Step 5 - Upcoming News: USD: Bank Holiday today, JPY: -
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