USDJPY: medium-term sells of the pair | 04 October 2019

04 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 107.806-108.010. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.627-107.705. At the moment, the pair is trading lower, indicating the strength of sellers.

• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 03.10.2019.

• Quotation of the lower boundary of the zone 1/4-106.960.

• Quotation of the lower boundary of the zone 1/2–107.450.

• Intraday objectives: update the lows from 03.10.2019-106.475.

• Medium-term objectives: test the higher bound of GWCZ –105.489.USDJPY: medium-term sells of the pair

• Trading recommendations: sells from the range of favorable prices 106.960-107.450 in the formation of a reversal pattern.

• Sell: 106.960-107.450, Take Profit 1-106.475, Take Profit 2-105.489.

• 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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