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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 24 April 2019

24 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 111.929-112.007. At the moment, the pair is trading lower, indicating the weakness of buyers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 111.924-112.021. At the moment, the pair is trading lower, indicating the weakness 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 17.04.2019. Quotation of the higher boundary of the zone 1/4-111.706. Quotation of the higher boundary of the zone 1/2–111.268. Intraday objectives: update the highs from 17.04.2019-112.174. Medium-term objectives: test the lower bound of SWCZ –113.278. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from the range of favorable prices 111.268-111.706 in the formation of a reversal pattern.

Buy: 111.268-111.706, Take Profit 1-112.174, Take Profit 2-113.278.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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