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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 06 November 2019

06 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 107.564-107.781 and 108.416-108.583. 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 108.128-108.219. 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 05.11.2019.

• Quotation of the higher boundary of the zone 1/4-108.812.

• Quotation of the higher boundary of the zone 1/2–108.307.

• Intraday objectives: update the highs from 05.11.2019-109.243.

• Medium-term objectives: test the lower bound of WCZ –109.889.USDJPY: medium-term buys of the pair.

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

• Buy: 108.307-108.812, Take Profit 1-109.243, Take Profit 2-109.889.

• 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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