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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 24 March 2021

24 March 2021, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.959-109.141. 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 108.976-109.122. At the moment, the pair is trading lower, indicating the weakness 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 15.03.2021.

• Quotation of the higher boundary of the zone 1/4-108.762.

• Quotation of the higher boundary of the zone 1/2–108.175.

• Intraday objectives: update the highs from 15.03.2021-109.356.

• Medium-term objectives: test the lower bound of GWCZ –110.545.USDJPY: medium-term buys of the pair.

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

• Buy: 108.175-108.762, Take Profit 1-109.356, Take Profit 2-110.545.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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