USDJPY: medium-term sells of the pair. | 26 August 2019

26 August 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.813-108.001. 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 medium-term trend is located in the range, of quotations 106.368-106.499. 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 26.08.2019. Quotation of the lower boundary of the zone 1/4-104.914. Quotation of the lower boundary of the zone 1/2–105.400. Intraday objectives: update the lows from 26.08.2019-104.443. Medium-term objectives: test the higher bound of GWCZ –104.114.USDJPY: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 104.914-105.400 in the formation of a reversal pattern.

Sell: 104.914-105.400, Take Profit 1-104.443, Take Profit 2-104.114.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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