USDJPY: medium-term buys of the pair. | 02 April 2019

02 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 111.457-111.535. 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 110.289-110.432 and 110.743. 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 02.04.2019. Quotation of the higher boundary of the zone 1/4-111.005. Quotation of the higher boundary of the zone 1/2–110.561. Intraday objectives: update the highs from 02.04.2019-111.462. Medium-term objectives: test the lower bound of GWCZ –112.370. 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 110.561-111.005 in the formation of a reversal pattern.

Buy: 110.561-111.005, Take Profit 1-111.462, Take Profit 2-112.370.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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