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USDJPY: medium-term buys of the pair

USDJPY: medium-term buys of the pair | 11 July 2019

11 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 107.490-107.708 и 108.186-108.415. 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 107.643-107.730. 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 10.07.2019. Quotation of the higher boundary of the zone 1/4-108.562. Quotation of the higher boundary of the zone 1/2–108.144. Intraday objectives: update the highs from 10.07.2019-108.999. 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 108.144-108.562 in the formation of a reversal pattern.

Buy: 108.144-108.562, Take Profit 1-108.999, 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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