USDJPY: medium-term sells of the pair. | 18 June 2019

18 June 2019, USD/JPY

Long-term trend: goes short. New contract!!! The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.506-108.600. 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 108.584-108.662. 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 05.06.2019. Quotation of the lower boundary of the zone 1/4-108.236. Quotation of the lower boundary of the zone 1/2–108.666. Intraday objectives: update the lows from 05.06.2019-107.802. Medium-term objectives: test the higher bound of SWCZ –107.255. Trading recommendations: sells from the range of favorable prices 108.236-108.666 in the formation of a reversal pattern.

Sell: 108.236-108.666, Take Profit 1-107.802, Take Profit 2-107.255.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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