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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 21 November 2023

21 November 2023, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 149.000-149.500. 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 150.500-150.700. At the moment, the pair is trading lower, indicating the strength of sellers.

• 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 21.11.2023.

• Quotation of the lower boundary of the zone 1/4 – 148.471.

• Quotation of the lower boundary of the zone 1/2 – 149.617.

• Intraday objectives: update the lows from 21.11.2023-147.343.

• Medium-term objectives: test the higher bound of SWCZ –145.043.USDJPY: medium-term sells of the pair.

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

• Sell: 148.471-149.617, Take Profit 1-147.343, Take Profit 2-145.043.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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