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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 13 May 2019

13 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.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 109.703-109.863. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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. USDJPY: medium-term sells of the pair. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful 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
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