BUY EURJPY 132.15
SL: 131.85
TP1: 132.35
TP2: 132.55
TP3: 132.75
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 132.15
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Consumer Confidence slight decline, JPY: Core CPI y/y no change, Flash Manufacturing PMI slowdown in the pace of expansion
Step 2 - Trend: Down to Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow turning
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: French flash PMI 1515hrs, German Flash PMI 1530hrs, Eurozone flash PMI 1600hrs, ECB President Lagarde Speaks tomorrow 0000hrs, JPY: -
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