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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 27 October 2022

27 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.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 148.760-148.982. 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 27.10.2022.

• Quotation of the lower boundary of the zone 1/4 – 147.129.

• Quotation of the lower boundary of the zone 1/2 – 148.316.

• Intraday objectives: update the lows from 27.10.2022-145.919.

• Medium-term objectives: test the higher bound of WCZ –144.667.

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

• Sell: 147.129-148.316, Take Profit 1-145.919, Take Profit 2-144.667.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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