BUY USDJPY 110.24
SL: 109.94
TP1: 110.44
TP2: 110.64
TP3: 110.84
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
BUY USDJPY 110.24
Timeframe: H1
Step 1 - Previous News: USD: Conference Board Consumer Confidence decline in the level of confidence, JPY: Consumer Confidence data slight decline
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow up
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: ADP Non-Farm Employment Change 2015hrs, ISM Manufacturing PMI 2200hrs, FOMC committee member Bostic 0000hrs, JPY: -
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