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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 08 May 2019

08 May 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.853-111.949. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 111.433-111.536. At the moment, the pair is trading lower, indicating the strength of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 08.05.2019. Quotation of the lower boundary of the zone 1/4-110.392. Quotation of the lower boundary of the zone 1/2–110.841. Intraday objectives: update the lows from 08.05.2019-109.962. Medium-term objectives: test the higher bound of GWCZ –109.736. USDJPY: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 110.392-110.841 in the formation of a reversal pattern.

Sell: 110.392-110.841, Take Profit 1-109.962, Take Profit 2-109.736.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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