USDJPY: medium-term sells of the pair. | 26 July 2022

26 July 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 135.845-136.141. At the moment, the pair is trading higher, indicating the weakness of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 138.025-138.303. 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 22.07.2022.

• Quotation of the lower boundary of the zone 1/4 – 136.566.

• Quotation of the lower boundary of the zone 1/2 – 137.591.

• Intraday objectives: update the lows from 22.07.2022-135.556.

• Medium-term objectives: test the higher bound of WCZ –135.175.

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

• Sell: 136.566-137.591, Take Profit 1-135.556, Take Profit 2-135.175.

• 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