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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 16 September 2021

16 September 2021, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.916-109.997. 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 109.943-110.018. 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 08.09.2021.

• Quotation of the higher boundary of the zone 1/4-109.943.

• Quotation of the higher boundary of the zone 1/2–109.450.

• Intraday objectives: update the highs from 08.09.2021-110.440.

• Medium-term objectives: test the lower bound of WCZ –111.090.USDJPY: medium-term buys of the pair.

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

• Buy: 109.450-109.943, Take Profit 1-110.440, Take Profit 2-111.090.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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