USDJPY: medium-term sells of the pair. | 02 January 2019

02 January 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.906-111.149. At the moment, the pair is trading lower, which indicates the strength of sellers.USDJPY: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 110.383–110.762. В настоящий момент пара торгуется ниже, указывая на силу продавцов. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 02.01.2019. Quotation of the lower boundary of the zone 1/4-109.766, quotation of the lower boundary of the zone 1/2–110.197. Intraday objectives: update the lows from 02.01.2019–109.337, Medium-term objectives: test the higher bound of GWCZ– 108.787.USDJPY: medium-term sells of the pair. Trading recommendations: Sells from a range of favorable prices 109.766-110.197 in the formation of a reversal pattern.

Sell: 109.766-110.197, Take Profit 1-109.337, Take Profit 2-108.787.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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James Hoggarth
Analyst of FreshForex
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