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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 30 August 2019

30 August 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.813-108.001 and 105.780-105.902. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 105.685-105.800. 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 29.08.2019. Quotation of the higher boundary of the zone 1/4-106.188. Quotation of the higher boundary of the zone 1/2–105.711. Intraday objectives: update the highs from 29.08.2019-106.681. Medium-term objectives: test the lower bound of GWCZ –107.331.USDJPY: medium-term buys of the pair. Trading recommendations: buys from the range of favorable prices 105.711-106.188 in the formation of a reversal pattern.

Buy: 105.711-106.188, Take Profit 1-106.681, 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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