26 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 108.180-108.387. At the moment, the pair is trading higher, indicating the strength of buyers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.079-108.152. 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 25.07.2019. Quotation of the higher boundary of the zone 1/4-108.326. Quotation of the higher boundary of the zone 1/2–107.905. Intraday objectives: update the highs from 25.07.2019-108.753. Medium-term objectives: test the lower bound of WCZ –108.884. Trading recommendations: buys from the range of favorable prices 107.905-108.753 in the formation of a reversal pattern.
Buy: 107.905-108.753, Take Profit 1-108.753, Take Profit 2-108.884.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)