USDJPY: medium-term buys of the pair. | 20 September 2019

20 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 108.068-108.155. At the moment, the pair is trading lower, indicating the weakness of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.091-108.164. At the moment, the pair is trading lower, indicating the weakness 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 19.09.2019.

• Quotation of the higher boundary of the zone 1/4-107.976.

• Quotation of the higher boundary of the zone 1/2–107.483.

• Intraday objectives: update the highs from 19.09.2019-108.474.

• Medium-term objectives: test the lower bound of GWCZ –109.153.

• Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from the range of favorable prices 107.483-107.976 in the formation of a reversal pattern.

• Buy: 107.483-107.976, Take Profit 1-108.474, Take Profit 2-109.153.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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