BUY USDJPY 110.52
SL: 110.22
TP1: 110.72
TP2: 110.92
TP3: 111.12
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
BUY USDJPY 110.52
Timeframe: H1
Step 1 - Previous News: USD: CPI largest monthly rise in inflation, JPY: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down, fast turning
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: USD: Fed Chair Powell Testifies 0000hrs, JPY: Employment data 0930hrs
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