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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 06 September 2023

06 September 2023, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 142.700-143.200. 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 145.800-146.000 and 146.300-146.500. 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 06.09.2023.

• Quotation of the higher boundary of the zone 1/4-146.400.

• Quotation of the higher boundary of the zone 1/2–145.004.

• Intraday objectives: update the highs from 06.09.2023-147.823.

• Medium-term objectives: test the lower bound of GWCZ –149.552.USDJPY: medium-term buys of the pair.

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

• Buy: 145.004-146.400, Take Profit 1-147.823, Take Profit 2-149.552.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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