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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 11 December 2018

11 December 2018, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 112.062–112.4493, 112.932 – 113.315 and 113.755-113.875. Currently, the pair is trading within the specified ranges, indicating a temporary uncertainty.USDJPY: medium-term buys of the pair. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 112.619 – 112.681. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 10.12.2018. Quotation of the higher boundary of the zone 1/4 – 112.904, quotation of the higher boundary of the zone 1/2 -112.453. Intraday objectives: update the highs from 10.12.2018 – 113.367, Medium-term objectives: test the lower bound of WCZ– 114.066.USDJPY: medium-term buys of the pair. Trading recommendations: Buys from a range of favorable prices 112.453 – 112.904 in the formation of a reversal pattern.

Buy: 112.453 – 112.904, Take Profit 1-113.367, Take Profit 2-114.066.

WCZ (weekly control zone) GWCZ (golden weekly control zone) SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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