USDJPY: medium-term buys of the pair. | 21 January 2019

21 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 108.322-108.445. 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 18.01.2019.

Quotation of the higher boundary of the zone 1/4-109.462.

Quotation of the higher boundary of the zone 1/2–109.026.

Intraday objectives: update the highs from 18.01.2019–109.898.

Medium-term objectives: test the lower bound of GWCZ –110.342.USDJPY: medium-term buys of the pair.

Trading recommendations: Buys from a range of favorable prices 109.026-109.462 in the formation of a reversal pattern.

Buy: 109.026-109.462, Take Profit 1-109.898, Take Profit 2-110.342.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .