USDJPY: medium-term sells of the pair. | 25 January 2022

25 January 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 113.609-113.712. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.USDJPY: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 114.528-114.624. At the moment, the pair is trading lower, indicating the strength of sellers.

• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 24.01.2022.

• Quotation of the lower boundary of the zone 1/4 – 114.112.

• Quotation of the lower boundary of the zone 1/2 – 114.766.

• Intraday objectives: update the lows from 24.01.2022-113.465.

• Medium-term objectives: test the higher bound of GWCZ –112.433.USDJPY: medium-term sells of the pair.

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

• Sell: 114.112-114.766, Take Profit 1-113.465, Take Profit 2-112.433.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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