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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 19 August 2019

19 August 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.894-108.112. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 105.895-105.971. At the moment, the pair is trading higher, indicating the weakness 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 14.08.2019. Quotation of the lower boundary of the zone 1/4-106.124. Quotation of the lower boundary of the zone 1/2–106.612. Intraday objectives: update the lows from 14.08.2019-105.655. Medium-term objectives: test the higher bound of WCZ –105.042.USDJPY: medium-term sells of the pair. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 106.124-106.612 in the formation of a reversal pattern.

Sell: 106.124-106.612, Take Profit 1-105.655, Take Profit 2-105.042.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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