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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 13 February 2020

13 February 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.917-109.008. 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 109.723-109.866. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 12.02.2020.

• Quotation of the higher boundary of the zone 1/4-109.728.

• Quotation of the higher boundary of the zone 1/2–109.214.

• Intraday objectives: update the highs from 12.02.2020-110.247.

• Medium-term objectives: test the lower bound of WCZ –110.265.USDJPY: medium-term buys of the pair.

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

• Buy: 109.214-109.728, Take Profit 1-110.247, Take Profit 2-110.265.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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