USDJPY buy trade idea 12 08 2021

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#OPINIONLEADER# #Signal#

BUY USDJPY 110.72

SL: 110.42

TP1: 110.92

TP2: 111.12

TP3: 111.32

Signal Analysis by LCMS Traders 

Currency Pair: USDJPY

BUY USDJPY 110.72 

Timeframe: H1

Step 1 - Previous News: USD: -, JPY: -

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators 

- Bollinger Bands: touch

- MACD: flat to up

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: USD: CPI m/m 2030hrs, FOMC Member Bostic Speaks 2230hrs, JPY: -

USDJPY buy trade idea 12 08 2021

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