USDJPY: medium-term buys of the pair. | 01 June 2021

01 June 2021, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.854-108.958. 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 108.804-108.894. 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 28.05.2021.

• Quotation of the higher boundary of the zone 1/4-109.684.

• Quotation of the higher boundary of the zone 1/2–109.169.

• Intraday objectives: update the highs from 28.05.2021-110.204.

• Medium-term objectives: test the lower bound of GWCZ –110.502.USDJPY: medium-term buys of the pair.

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

• Buy: 109.169-109.684, Take Profit 1-110.204, Take Profit 2-110.502.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .