USDJPY: medium-term buys of the pair. | 22 February 2019

22 February 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.971-111.093. At the moment, the pair is trading lower, indicating the weakness 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 109.699-109.809. 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 14.02.2019. Quotation of the higher boundary of the zone 1/4-110.683. Quotation of the higher boundary of the zone 1/2–110.243. Intraday objectives: update the lows from 14.02.2019–111.123. Medium-term objectives: test the lower bound of SWCZ –111.990.USDJPY: medium-term buys of the pair. Trading recommendations: buys from a range of favorable prices 110.243-110.683 in the formation of a reversal pattern.

Buy: 110.243-110.683, Take Profit 1-111.123, Take Profit 2-111.990.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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