USDJPY: medium-term buys of the pair. | 27 March 2020

27 March 2020, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.996-111.283. At the moment, the pair is trading lower, indicating the weakness 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 110.999-111.249. 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 25.03.2020.

• Quotation of the higher boundary of the zone 1/4-110.602.

• Quotation of the higher boundary of the zone 1/2–109.639.

• Intraday objectives: update the highs from 25.03.2020-111.581.

• Medium-term objectives: test the lower bound of SWCZ –112.610.USDJPY: medium-term buys of the pair.

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

• Buy: 109.639-110.602, Take Profit 1-111.581, Take Profit 2-112.610.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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