19 Diciembre 2018, USD/JPY
Long-term trend: goes short. New contract. The maximum accumulation of volumes of the current contract is located at the quote 112.522. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes short. It is very difficult to make a forecast in terms of volume analysis, as the new contract began to trade and the past volumes of the medium-term trend lost their meaning. The maximum accumulation of volumes of medium-term trend is located at the quote 112.514. At the moment, the pair is trading lower, which indicates 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 19.12.2018. Quotation of the lower boundary of the zone 1/4–112.635, quotation of the lower boundary of the zone 1/2-113.103. Intraday objectives: update the lows from 19.12.2018–112.197, Medium-term objectives: test the higher bound of WCZ–111.879. Trading recommendations: Sells from a range of favorable prices 112.635-113.103 in the formation of a reversal pattern.
Sell: 112.635-113.103, Take Profit 1-112.197, Take Profit 2-111.879.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
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