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

04 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. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 111.329-111.475. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 1/4-111.123. Quotation of the higher boundary of the zone 1/2–110.686. 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 110.686-111.123 in the formation of a reversal pattern.

Buy: 110.686-111.123, Take Profit 1-111.578, 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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