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USDJPY: medium-term sells of the pair.

USDJPY: medium-term sells of the pair. | 11 January 2019

11 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 and 108.355. At the moment, the pair is trading lower, which indicates 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 108.145-108.284 and 108.874. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 10.01.2019.

Quotation of the lower boundary of the zone 1/4-108.181.

Quotation of the lower boundary of the zone 1/2–108.615.

Intraday objectives: update the lows from 10.01.2019–107.777.

Medium-term objectives: test the higher bound of WCZ –107.403.USDJPY: medium-term sells of the pair.

Trading recommendations: the volumes of the medium-term trend impede the entry into the sell transaction, I recommend staying out of the market or very careful sells from a range of favorable prices 108.181-108.615 in the formation of a reversal pattern.

Sell: 108.181-108.615, Take Profit 1-107.777, Take Profit 2-107.403.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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