USDJPY: medium-term buys of the pair. | 18 January 2019

18 January 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.295-108.435. At the moment, the pair is trading higher, indicating the strength of buyers.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 108.348-108.464.. 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 17.01.2019.

Quotation of the higher boundary of the zone 1/4-108.967.

Quotation of the higher boundary of the zone 1/2–108.541.

Intraday objectives: update the lows from 17.01.2019–109.403.

Medium-term objectives: test the lower bound of GWCZ –110.322.USDJPY: medium-term buys of the pair.

Trading recommendations: Buys from a range of favorable prices 108.541-108.967 in the formation of a reversal pattern.

Buy: 108.541-108.967, Take Profit 1-109.403, Take Profit 2-110.322.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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