USDJPY: medium-term buys of the pair. | 14 July 2021

14 July 2021, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.636-110.719. At the moment, the pair is trading lower, indicating the strength of sellers.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 110.300-110.365. 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 14.07.2021.

• Quotation of the higher boundary of the zone 1/4-110.202.

• Quotation of the higher boundary of the zone 1/2–109.707.

• Intraday objectives: update the highs from 14.07.2021-110.702.

• Medium-term objectives: test the lower bound of WCZ –111.522.USDJPY: medium-term buys of the pair.

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

• Buy: 109.707-110.202, Take Profit 1-110.702, Take Profit 2-111.522.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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