USDJPY: medium-term sells of the pair. | 10 May 2019

10 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 111.923-112.047. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 110.047-110.156. 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 09.05.2019. Quotation of the lower boundary of the zone 1/4-109.909. Quotation of the lower boundary of the zone 1/2–110.333. Intraday objectives: update the lows from 09.05.2019-109.469. Medium-term objectives: test the higher bound of SWCZ –108.876. Trading recommendations: sells from the range of favorable prices 109.909-110.333 in the formation of a reversal pattern.

Sell: 109.909-110.333, Take Profit 1-109.469, Take Profit 2-108.876.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus