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USDJPY: temporary uncertainty.

USDJPY: temporary uncertainty. | 22 May 2020

22 May 2020, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.514-107.728. Currently, the pair is trading within the specified range, indicating a 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. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 1/4-106.847.

• Quotation of the lower boundary of the zone 1/2–107.768.

• Intraday objectives: update the lows from 06.05.2020-105.942.

• Medium-term objectives: test the higher bound of WCZ –105.534.

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

• Sell: 106.847-107.768, Take Profit 1-105.942, Take Profit 2-105.534.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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