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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 18 July 2019

18 July 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.147-108.382. 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 108.031-108.076 and 108.192-108.267. 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 18.07.2019. Quotation of the lower boundary of the zone 1/4-108.054. Quotation of the lower boundary of the zone 1/2–108.476. Intraday objectives: update the lows from 18.07.2019-107.641. Medium-term objectives: test the higher bound of WCZ –107.305. Trading recommendations: sells from the range of favorable prices 108.054-108.476 in the formation of a reversal pattern.

Sell: 108.054-108.476, Take Profit 1-107.641, Take Profit 2-107.305.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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