USDJPY: medium-term sells of the pair. | 30 July 2020

30 July 2020, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.158-107.314. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.158-107.273. 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 29.06.2020.

• Quotation of the lower boundary of the zone 1/4– 105. 569.

• Quotation of the lower boundary of the zone 1/2–106. 377.

• Intraday objectives: update the lows from 29.06.2020-104.774.

• Medium-term objectives: test the higher bound of GWCZ –103.303.USDJPY: medium-term sells of the pair.

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

• Sell: 105.569-106.377, Take Profit 1-104.774, Take Profit 2-103.303.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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