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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 10 September 2019

10 September 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.666-107.794 and 105.655-105.789. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 106.162-106.245 and 106.898-106.993. 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 10.09.2019. Quotation of the higher boundary of the zone 1/4-107.001. Quotation of the higher boundary of the zone 1/2–106.512. Intraday objectives: update the highs from 10.09.2019-107.497. Medium-term objectives: test the lower bound of SWCZ –108.205. Trading recommendations: buys from the range of favorable prices 106.512-107.001 in the formation of a reversal pattern.

Buy: 106.512-107.001, Take Profit 1-107.497, Take Profit 2-108.205.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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