USDJPY: medium-term buys of the pair. | 26 October 2022

26 October 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.187-144.833. 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 148.760-148.982. At the moment, the pair is trading lower, indicating the weakness 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 24.10.2022.

• Quotation of the higher boundary of the zone 1/4-148.208.

• Quotation of the higher boundary of the zone 1/2–147.023.

• Intraday objectives: update the highs from 24.10.2022-149.411.

• Medium-term objectives: test the lower bound of WCZ –150.187.USDJPY: medium-term buys of the pair.

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

• Buy: 147.023-148.208, Take Profit 1-149.411, Take Profit 2-150.187.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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