BUY USDJPY 110.70
SL: 110.40
TP1: 110.90
TP2: 111.10
TP3: 111.30
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
BUY USDJPY 110.70
Timeframe: H1
Step 1 - Previous News: USD: ISM Services PMI slowdown in the pace of expansion, JPY: -
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: USD: FOMC Meeting Minutes tomorrow 0200hrs, JPY: -
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