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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 29 March 2019

29 March 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.646-111.778. At the moment, the pair is trading lower, which indicates the strength of sellers.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 110.316-110.452. 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 29.03.2019. Quotation of the higher boundary of the zone 1/4-110.478. Quotation of the higher boundary of the zone 1/2–110.050. Intraday objectives: update the highs from 29.03.2019–110.713. Medium-term objectives: test the lower bound of WCZ –111.462. USDJPY: medium-term buys of the pair. 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 110.050-110.478 in the formation of a reversal pattern.

Buy: 110.050-110.478, Take Profit 1-110.932, Take Profit 2-111.462.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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