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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 24 December 2019

24 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 109.345-109.528. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 109.522-109.585. At the moment, the pair is trading lower, indicating the weakness 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 19.12.2019.

• Quotation of the higher boundary of the zone 1/4-109.128.

• Quotation of the higher boundary of the zone 1/2–108.623.

• Intraday objectives: update the highs from 19.12.2019-109.652.

• Medium-term objectives: test the lower bound of WCZ –110.175.USDJPY: medium-term buys of the pair.

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

• Buy: 108.623-109.128, Take Profit 1-109.652, Take Profit 2-110.175.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• Download a profitable trading strategy for free. Send a request to school@freshforex.com. In the email specify your number of trading account.

James Hoggarth
Analyst of FreshForex
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