SELL USDJPY 109.52
SL: 109.82
TP1: 109.32
TP2: 109.12
TP3: 108.92
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 109.52
Timeframe: H1
Step 1 - Previous News: USD: Advance GDP q/q fell short of expectation, JPY: Unemployment Rate slight decline
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up, fast turning
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: USD: Core PCE Price Index m/m 2030hrs, FOMC Member Brainard Speaks tomorrow 0830hrs, JPY: -
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