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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 01 April 2020

01 April 2020, USD/JPY

• Long-term trend: goes short. 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 strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.738-109.953. 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 30.03.2020.

• Quotation of the lower boundary of the zone 1/4-107.951.

• Quotation of the lower boundary of the zone 1/2–108.886.

• Intraday objectives: update the lows from 30.03.2020-107.033.

• Medium-term objectives: test the higher bound of GWCZ –105.845.

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

• Sell: 107.951-108.886, Take Profit 1-107.033, Take Profit 2-105.845.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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