USDJPY: medium-term buys of the pair. | 13 December 2022

13 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 143.372-143.766. At the moment, the pair is trading lower, indicating the strength of sellers.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 136.470-136.618. At the moment, the pair is trading higher, indicating the strength 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 13.12.2022.

• Quotation of the higher boundary of the zone 1/4-136.711.

• Quotation of the higher boundary of the zone 1/2–135.545.

• Intraday objectives: update the highs from 13.12.2022-137.878.

• Medium-term objectives: test the lower bound of GWCZ –140.450.USDJPY: medium-term buys of the pair.

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

• Buy: 135.545-136.711, Take Profit 1-137.878, Take Profit 2-140.450.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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