USDJPY: medium-term buys of the pair. | 04 March 2019

04 March 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.023-111.267. 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 110.675-110.746. 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 01.03.2019. Quotation of the higher boundary of the zone 1/4-111.621. Quotation of the higher boundary of the zone 1/2–111.175. Intraday objectives: update the lows from 01.03.2019–112.076. Medium-term objectives: test the lower bound of GWCZ –112.899.USDJPY: medium-term buys of the pair. Trading recommendations: buys from a range of favorable prices 111.175-111.621 in the formation of a reversal pattern.

Buy: 111.175-111.621, Take Profit 1-112.076, Take Profit 2-112.899.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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