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USDJPY: temporary uncertainty.

USDJPY: temporary uncertainty. | 13 May 2020

13 May 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.534-107.742. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: temporary uncertainty.

• Medium-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.527-107.670. 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 06.05.2020.

• Quotation of the lower boundary of the zone 1/4-106.864.

• Quotation of the lower boundary of the zone 1/2–107.785.

• Intraday objectives: update the lows from 06.05.2020-105.959.

• Medium-term objectives: test the higher bound of WCZ –105.551.USDJPY: temporary uncertainty.

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

• Sell: 106.864-107.785, Take Profit 1-105.959, Take Profit 2-105.551.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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