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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 22 October 2021

22 October 2021, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.865-109.997. 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 114.218-114.332. 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 20.10.2021.

• Quotation of the higher boundary of the zone 1/4-114.195.

• Quotation of the higher boundary of the zone 1/2–113.702.

• Intraday objectives: update the highs from 20.10.2021-114.692.

• Medium-term objectives: test the lower bound of GWCZ –115.673.USDJPY: medium-term buys of the pair.

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

• Buy: 113.702-114.195, Take Profit 1-114.692, Take Profit 2-115.673.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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