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

01 August 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.969-108.170. At the moment, the pair is trading higher, indicating the strength of buyers.USDJPY: medium-term sells of the pair. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.561-108.642. 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 01.08.2019. Quotation of the higher boundary of the zone 1/4-108.883. Quotation of the higher boundary of the zone 1/2–108.464. Intraday objectives: update the highs from 01.08.2019-109.313. Medium-term objectives: test the lower bound of GWCZ –109.745.USDJPY: medium-term sells of the pair. Trading recommendations: buys from the range of favorable prices 108.464-108.883 in the formation of a reversal pattern.

Buy: 108.464-108.883, Take Profit 1-109.313, Take Profit 2-109.745.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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