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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 01 April 2019

01 April 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.462-110.947 and 111.478-111.596. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 110.316-110.466 and 110.766. 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 01.04.2019. Quotation of the higher boundary of the zone 1/4-110.740. Quotation of the higher boundary of the zone 1/2–110.299. Intraday objectives: update the highs from 01.04.2019-111.187. Medium-term objectives: test the lower bound of WCZ –111.462. 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 110.299-110.740 in the formation of a reversal pattern.

Buy: 110.299-110.740, Take Profit 1-111.187, 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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