USDJPY: medium-term sells of the pair.

16 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 111.668-111.791. 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 109.634-109.737. 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 13.05.2019. Quotation of the lower boundary of the zone 1/4-109.452. Quotation of the lower boundary of the zone 1/2–109.882. Intraday objectives: update the lows from 13.05.2019-109.007. Medium-term objectives: test the higher bound of GWCZ –108.042. USDJPY: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 109.452-109.882 in the formation of a reversal pattern.

Sell: 109.452-109.882, Take Profit 1-109.007, Take Profit 2-108.042.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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