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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 17 October 2019

17 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 107.699-107.906. At the moment, the pair is trading higher, indicating the strength of buyers.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 108.226-108.340. 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 15.10.2019.

• Quotation of the higher boundary of the zone 1/4-108.374.

• Quotation of the higher boundary of the zone 1/2–107.875.

• Intraday objectives: update the highs from 15.10.2019-108.908.

• Medium-term objectives: test the lower bound of GWCZ –109.209.USDJPY: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 107.875-108.374, Take Profit 1-108.908, Take Profit 2-109.209.

• 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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