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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 23 September 2022

23 September 2022, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 142.916-143.916. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 145.555-145.831. 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 22.09.2022.

• Quotation of the lower boundary of the zone 1/4 – 141.432.

• Quotation of the lower boundary of the zone 1/2 – 142.521.

• Intraday objectives: update the lows from 22.09.2022-140.360.

• Medium-term objectives: test the higher bound of GWCZ –139.294.

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

• Sell: 141.432-142.521, Take Profit 1-140.360, Take Profit 2-139.294.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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