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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 26 August 2020

26 August 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.158-107.314. At the moment, the pair is trading lower, indicating the weakness 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 105.493-105.614. 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 13.08.2020.

• Quotation of the higher boundary of the zone 1/4-106.219.

• Quotation of the higher boundary of the zone 1/2–105.413.

• Intraday objectives: update the highs from 13.08.2020-107.038.

• Medium-term objectives: test the lower bound of WCZ –107.376.USDJPY: medium-term buys of the pair.

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

• Buy: 105.413-106.219, Take Profit 1-107.038, Take Profit 2-107.376.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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