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USDJPY: medium-term sells of the pair.

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

04 November 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.594-107.786 and 108.498-108.603. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.119-108.183. At the moment, the pair is trading lower, which indicates 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 01.11.2019. • Quotation of the lower boundary of the zone 1/4-108.386. • Quotation of the lower boundary of the zone 1/2-108.891. • Intraday objectives: update the lows from 01.11.2019-107.881. • Medium-term objectives: test the higher bound of WCZ - 107.252.USDJPY: medium-term sells of the pair. • Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Sell: 108.386-108.891, Take Profit 1-107.881, Take Profit 2-107.252. • WCZ (weekly control zone) • GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone) • TRADE FUEL WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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