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USDJPY: medium-term buys of the pair

USDJPY: medium-term buys of the pair | 01 July 2019

01 July 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 107.358-107.803. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 107.610-107.749. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 01.07.2019. Quotation of the higher boundary of the zone 1/4-108.085. Quotation of the higher boundary of the zone 1/2–107.668. Intraday objectives: update the lows from 01.07.2019-108.508. Medium-term objectives: test the lower bound of GWCZ –109.297.USDJPY: medium-term buys of the pair Trading recommendations: buys from a range of favorable prices 107.668-108.085 in the formation of a reversal pattern.

Buy: 107.668-108.085 , Take Profit 1-108.508, Take Profit 2-109.297.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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