USDJPY: temporary uncertainty. | 04 February 2019

04 February 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.661-109.898. At the moment, the pair is trading lower, which indicates the strength of sellers.USDJPY: temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.809-108.893. 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 04.02.2019. Quotation of the higher boundary of the zone 1/4-109.166. Quotation of the higher boundary of the zone 1/2–108.741. Intraday objectives: update the lows from 04.02.2019–109.607. Medium-term objectives: test the lower bound of WCZ –110.207.USDJPY: temporary uncertainty. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 108.741-109.166 in the formation of a reversal pattern.

Buy: 108.741-109.166, Take Profit 1-109.607, Take Profit 2-110.207.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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