31 May 2022, USD/JPY
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 127.678-127.897. At the moment, the pair is trading higher, indicating the weakness of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 127.698-127.867. At the moment, the pair is trading higher, indicating the weakness 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 24.05.2022.
• Quotation of the lower boundary of the zone 1/4 – 127.124.
• Quotation of the lower boundary of the zone 1/2 – 127.937.
• Intraday objectives: update the lows from 24.05.2022-126.322.
• Medium-term objectives: test the higher bound of GWCZ –124.871.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 127.124-127.937, Take Profit 1-126.322, Take Profit 2-124.871.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)