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.
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.
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)
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.
