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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 10 May 2022

10 May 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 129.911-130.348. 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 130.252-130.455. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 09.05.2022.

• Quotation of the higher boundary of the zone 1/4-130.487.

• Quotation of the higher boundary of the zone 1/2–129.643.

• Intraday objectives: update the highs from 09.05.2022-131.342.

• Medium-term objectives: test the lower bound of WCZ –132.017.USDJPY: medium-term buys of the pair.

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

• Buy: 129.643-130.487, Take Profit 1-131.342, Take Profit 2-132.017.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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