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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 09 December 2019

09 December 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.497-108.642. 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 108.669-108.861. 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 06.12.2019.

• Quotation of the lower boundary of the zone 1/4-108.740.

• Quotation of the lower boundary of the zone 1/2–109.251.

• Intraday objectives: update the lows from 06.12.2019-108.235.

• Medium-term objectives: test the higher bound of WCZ –107.658.

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

• Sell: 108.740-109.251, Take Profit 1-108.235, Take Profit 2-107.658.

• 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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