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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 10 January 2023

10 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. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1/4-133.407.

• Quotation of the higher boundary of the zone 1/2–132.117.

• Intraday objectives: update the highs from 06.01.2023-134.722.

• Medium-term objectives: test the lower bound of GWCZ –137.194.USDJPY: medium-term buys of the pair.

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

• Buy: 132.117-133.407, Take Profit 1-134.722, Take Profit 2-137.194.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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