USDJPY: medium-term buys of the pair. | 07 February 2022

07 February 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 113.609-113.712. 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 113.856-113.950. 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 28.01.2022.

• Quotation of the higher boundary of the zone 1/4-115.020.

• Quotation of the higher boundary of the zone 1/2–114.362.

• Intraday objectives: update the highs from 28.01.2022-115.685.

• Medium-term objectives: test the lower bound of WCZ –116.081.

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

• Buy: 114.362-115.020, Take Profit 1-115.685, Take Profit 2-116.081.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus