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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .