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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 24 July 2019

24 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 108.240-108.387. USDJPY: medium-term sells of the pair.

Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.832-107.894 and 108.115-108.183. 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 23.07.2019. Quotation of the higher boundary of the zone 1/4-107.865. Quotation of the higher boundary of the zone 1/2–107.448. Intraday objectives: update the highs from 23.07.2019-108.292. Medium-term objectives: test the lower bound of WCZ –108.884. USDJPY: medium-term sells of the pair.Trading recommendations: buys from the range of favorable prices 107.448-107.865 in the formation of a reversal pattern.

Buy: 107.448-107.865 Take Profit 1-108.292, Take Profit 2-108.884.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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