USDJPY: medium-term buys of the pair. | 28 August 2023

28 August 2023, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 142.800-143.400. At the moment, the pair is trading higher, indicating the strength of buyers.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 145.100-145.400 and 145.600-145.900. 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 25.08.2023.

• Quotation of the higher boundary of the zone 1/4-145.218.

• Quotation of the higher boundary of the zone 1/2–143.848.

• Intraday objectives: update the highs from 25.08.2023-146.614.

• Medium-term objectives: test the lower bound of SWCZ –146.881.USDJPY: medium-term buys of the pair.

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

• Buy: 143.848-145.218, Take Profit 1-146.614, Take Profit 2-146.881.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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