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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 19 April 2021

19 April 2021, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.804-108.922. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.818-108.930. 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 19.04.2021.

• Quotation of the lower boundary of the zone 1/4 – 109.140.

• Quotation of the lower boundary of the zone 1/2 –109.738.

• Intraday objectives: update the lows from 19.04.2021-108.548.

• Medium-term objectives: test the higher bound of GWCZ –107.372.

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

• Sell: 109.140-109.738, Take Profit 1-108.548, Take Profit 2-107.372.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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