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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 05 December 2022

05 December 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.525-144.009. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 138.505-138.784 and 135.965-136.318. 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 02.12.2022.

• Quotation of the lower boundary of the zone 1/4 – 134.718.

• Quotation of the lower boundary of the zone 1/2 – 135.849.

• Intraday objectives: update the lows from 02.12.2022-133.606.

• Medium-term objectives: test the higher bound of SWCZ –132.731.USDJPY: medium-term sells of the pair.

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

• Sell: 134.718-135.849, Take Profit 1-133.606, Take Profit 2-132.731.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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