USDJPY: medium-term buys of the pair. | 27 December 2021

27 December 2021, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 113.610-113.707. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 113.607-113.693. 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 23.12.2021.

• Quotation of the higher boundary of the zone 1/4-113.819.

• Quotation of the higher boundary of the zone 1/2–113.176.

• Intraday objectives: update the highs from 23.12.2021-114.470.

• Medium-term objectives: test the lower bound of WCZ –115.048.

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

• Buy: 113.176-113.819, Take Profit 1-114.470, Take Profit 2-115.048.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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