USDJPY: medium-term buys of the pair. | 28 October 2019

28 October 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.638-107.856 and 108.551-108.653. 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 108.261-108.332. At the moment, the pair is trading higher, indicating the strength of buyers. • 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 15.10.2019. • Quotation of the higher boundary of the zone 1/4-108.371. • Quotation of the higher boundary of the zone 1/2-107.872. • Intraday objectives: update the lows from 15.10.2019-108.880. • Medium-term objectives: test the lower bound of GWCZ - 109.146.USDJPY: medium-term buys of the pair. • Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 107.872-108.371, Take Profit 1-108.880, Take Profit 2-109.146. • WCZ (weekly control zone) • GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone) • TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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