USDJPY: medium-term sells of the pair. | 14 November 2022

14 November 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.979-144.427. 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 146.729-147.064, 141.673-142.033 and 139.329-139.657. 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 11.11.2022.

• Quotation of the lower boundary of the zone 1/4 – 139.497.

• Quotation of the lower boundary of the zone 1/2 – 140.567.

• Intraday objectives: update the lows from 11.11.2022-138.443.

• Medium-term objectives: test the higher bound of GWCZ –137.453.

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

• Sell: 139.497-140.567, Take Profit 1-138.443, Take Profit 2-137.453.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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