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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 28 August 2019

28 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 107.813-108.001. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term buys of the pair. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 105.729-105.837. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 26.08.2019. Quotation of the higher boundary of the zone 1/4-105.919. Quotation of the higher boundary of the zone 1/2–105.454. Intraday objectives: update the highs from 26.08.2019-106.415. Medium-term objectives: test the lower bound of GWCZ –107.331.USDJPY: medium-term buys of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 105.454-105.919 in the formation of a reversal pattern.

Buy: 105.454-105.919, Take Profit 1-106.415, Take Profit 2-107.331.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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