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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 24 June 2019

24 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 108.257-108.365. 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 108.264-108.354. 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 21.06.2019. Quotation of the lower boundary of the zone 1/4-107.473. Quotation of the lower boundary of the zone 1/2–107.891. Intraday objectives: update the lows from 21.06.2019-107.062. Medium-term objectives: test the higher bound of GWCZ –106.425. Trading recommendations: sells from the range of favorable prices 107.473-107.891 in the formation of a reversal pattern.

Sell: 107.473-107.891, Take Profit 1-107.062, Take Profit 2-106.425.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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