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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 23 May 2019

23 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 buys of the pair. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 109.583-109.648. At the moment, the pair is trading higher, indicating the strength 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 21.05.2019. Quotation of the higher boundary of the zone 1/4-110.232. Quotation of the higher boundary of the zone 1/2–109.789. Intraday objectives: update the highs from 21.05.2019-110.669. Medium-term objectives: test the lower bound of GWCZ –111.639.USDJPY: medium-term buys of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 109.789-110.232 in the formation of a reversal pattern.

Buy: 109.789-110.232, Take Profit 1-110.669, Take Profit 2-111.639.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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