USDJPY: medium-term buys of the pair.

16 April 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.208-111.391. At the moment, the pair is trading higher, indicating the strength 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 111.254-111.409. 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 15.04.2019. Quotation of the higher boundary of the zone 1/4-111.643. Quotation of the higher boundary of the zone 1/2–111.186. Intraday objectives: update the highs from 15.04.2019-112.101. Medium-term objectives: test the lower bound of GWCZ –112.370. USDJPY: medium-term buys of the pair. Trading recommendations: buys from the range of favorable prices 111.186-111.643 in the formation of a reversal pattern.

Buy: 111.186-111.643, Take Profit 1-112.101, 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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