USDJPY: temporary uncertainty. | 26 June 2019

26 June 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.257-108.365 and 107.267-107.428. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 and 107.309-107.391. 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 25.06.2019. Quotation of the lower boundary of the zone 1/4-107.188. Quotation of the lower boundary of the zone 1/2–107.607. Intraday objectives: update the lows from 25.06.2019-106.776. Medium-term objectives: test the higher bound of GWCZ –106.425.

Trading recommendations: the volumes of the medium-term trend impede the entry into the sell transaction, I recommend staying out of the market.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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