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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 09 January 2023

09 January 2023, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 131.800-132.500. 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 130.540-130.860. 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 06.01.2023. • Quotation of the higher boundary of the zone 1/4-133.376. • Quotation of the higher boundary of the zone 1/2–132.088. • Intraday objectives: update the highs from 06.01.2023-134.739. • Medium-term objectives: test the lower bound of GWCZ –137.304.USDJPY: medium-term buys of the pair. • Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 132.088-133.376, Take Profit 1-134.739, Take Profit 2-137.304.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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