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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 29 March 2023

29 March 2023, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 132.000-132.600. 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 132.350-132.650 and 131.200-131.400. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 24.03.2023.

• Quotation of the lower boundary of the zone 1/4 – 130.822.

• Quotation of the lower boundary of the zone 1/2 – 132.077.

• Intraday objectives: update the lows from 24.03.2023-129.591.

• Medium-term objectives: test the higher bound of SWCZ –127.207.USDJPY: medium-term sells of the pair.

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

• Sell: 130.822-132.077, Take Profit 1-129.591, Take Profit 2-127.207.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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