USDJPY: temporary uncertainty. | 04 January 2019

04 January 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.965-111.192. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.561-107.771. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 04.01.2019. Quotation of the higher boundary of the zone 1/4-108.019, quotation of the higher boundary of the zone 1/2–107.603. Intraday objectives: update the highs from 04.01.2019–108.452, Medium-term objectives: test the lower bound of GWCZ–108.957. Trading recommendations: Long-term and medium-term trends in different directions, I recommend to refrain from entering the transaction.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
James Hoggarth
Analyst of FreshForex
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