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USDJPY: temporary uncertainty.

USDJPY: temporary uncertainty. | 04 January 2019

04 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 110.965-111.192. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.561-107.771. 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 04.01.2019. Quotation of the higher boundary of the zone 1/4-108.019, quotation of the higher boundary of the zone 1/2–107.603. Intraday objectives: update the highs from 04.01.2019–108.452, Medium-term objectives: test the lower bound of GWCZ–108.957. Trading recommendations: Long-term and medium-term trends in different directions, I recommend to refrain from entering the transaction.

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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