USDJPY: medium-term buys of the pair. | 03 April 2019

03 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 111.308-111.375. 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 03.04.2019. Quotation of the higher boundary of the zone 1/4-111.081. Quotation of the higher boundary of the zone 1/2–110.636. Intraday objectives: update the highs from 03.04.2019-111.535. 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 110.636-111.081 in the formation of a reversal pattern.

Buy: 110.636-111.081, Take Profit 1-111.535, 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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