USDJPY sell trade idea 15 07 2021

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#OPINIONLEADER# #Signal#

SELL USDJPY 109.80

SL: 110.10

TP1: 109.60

TP2: 109.40

TP3: 109.20

Signal Analysis by LCMS Traders

Currency Pair: USDJPY

SELL USDJPY 109.80 

Timeframe: H1

Step 1 - Previous News: USD: Fed Chair Powell highlighted full recovery in order for scaling back QE to take place, JPY: -

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Moving Towards Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow flat

- Stochastic: H4 in over sold

- PSAR: bearish

Step 5 - Upcoming News: USD: Fed Chair Powell Testifies 2130hrs, JPY: Monetary Policy Statement tomorrow


USDJPY sell trade idea 15 07 2021



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