USDJPY buy trade idea 28 06 2021

#OPINIONLEADER# #Signal#

SELL USDJPY 110.64

SL: 110.94

TP1: 110.44

TP2: 110.24

TP3: 110.04

Signal Analysis by LCMS Traders 

Currency Pair: USDJPY

SELL USDJPY 110.64 

Timeframe: H1

Step 1 - Previous News: USD: Revised UoM Consumer Sentiment slight downward revision, JPY: -

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: USD: -, JPY: Unemployment Rate tomorrow 0730hrs, Retail Sales y/y 0750hrs