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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 03 June 2020

03 June 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.594-107.704. 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 107.612-107.751. At the moment, the pair is trading higher, indicating the strength 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 03.06.2020.

• Quotation of the higher boundary of the zone 1/4-107.997.

• Quotation of the higher boundary of the zone 1/2–107.164.

• Intraday objectives: update the highs from 03.06.2020-108.844.

• Medium-term objectives: test the lower bound of WCZ –109.254.USDJPY: medium-term buys of the pair.

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

• Buy: 107.164-107.997, Take Profit 1-108.844, Take Profit 2-109.254.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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