SELL USDJPY 109.32
SL: 109.62
TP1: 109.12
TP2: 108.92
TP3: 108.72
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 109.32
Timeframe: H1
Step 1 - Previous News: USD: Preliminary UoM Consumer Sentiment strong decline in consumers’ confidence, JPY: Preliminary GDP q/q recovering in economic growth
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow touch
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: USD: -, JPY: -
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