USDJPY: medium-term buys of the pair.

01 July 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.128-107.221. 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 107.118-107.230. 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 01.07.2020.

• Quotation of the higher boundary of the zone 1/4-107.332.

• Quotation of the higher boundary of the zone 1/2–106.510.

• Intraday objectives: update the highs from 01.07.2020-108.166.

• Medium-term objectives: test the lower bound of WCZ –109.371.USDJPY: medium-term buys of the pair.

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

• Buy: 106.510-107.332, Take Profit 1-108.166, Take Profit 2-109.371.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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