USDJPY: medium-term buys of the pair. | 04 January 2022

04 January 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 113.560-113.639. 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 115.078-115.173. 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 04.01.2022.

• Quotation of the higher boundary of the zone 1/4-115.153.

• Quotation of the higher boundary of the zone 1/2–114.495.

• Intraday objectives: update the highs from 04.01.2022-115.820.

• Medium-term objectives: test the lower bound of GWCZ –116.351.USDJPY: medium-term buys of the pair.

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

• Buy: 114.495-115.153, Take Profit 1-115.820, Take Profit 2-116.351.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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