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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 02 October 2019

02 October 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.846-108.068. 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 107.917-108.063. 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 01.10.2019.

• Quotation of the higher boundary of the zone 1/4-107.956.

• Quotation of the higher boundary of the zone 1/2–107.462.

• Intraday objectives: update the highs from 01.10.2019-108.455.

• Medium-term objectives: test the lower bound of WCZ –108.852.USDJPY: medium-term buys of the pair.

• 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 107.462-107.956 in the formation of a reversal pattern.

• Buy: 107.462-107.956, Take Profit 1-108.455, Take Profit 2-108.852.

• 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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