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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 08 March 2022

08 March 2022, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 115.379-115.465. В настоящий момент по паре совершаются инвестиционные операции внутри указанного диапазона, указывая на временную неопределенность.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 115.046-115.155. At the moment, the pair is trading higher, indicating the weakness 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 24.02.2022.

• Quotation of the lower boundary of the zone 1/4 – 115.045.

• Quotation of the lower boundary of the zone 1/2 – 115.710.

• Intraday objectives: update the lows from 24.02.2022-114.387.

• Medium-term objectives: test the higher bound of WCZ –113.698.

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

• Sell: 115.045-115.710, Take Profit 1-114.387, Take Profit 2-113.698.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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