USDJPY: medium-term buys of the pair.

25 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 131.500-132.100. 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 128.290-128.580. 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 24.01.2023.

• Quotation of the higher boundary of the zone 1/4-129.802.

• Quotation of the higher boundary of the zone 1/2–128.576.

• Intraday objectives: update the highs from 24.01.2023-131.103.

• Medium-term objectives: test the lower bound of WCZ –132.425.USDJPY: medium-term buys of the pair.

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

• Buy: 128.576-129.802, Take Profit 1-131.103, Take Profit 2-132.425.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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