USDJPY: medium-term buys of the pair. | 17 January 2019

17 January 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.295-108.435. At the moment, the pair is trading higher, indicating the strength of buyers.USDJPY: medium-term buys of the pair.
Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.404-108.516. 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 16.01.2019.
Quotation of the higher boundary of the zone 1/4-108.766.
Quotation of the higher boundary of the zone 1/2–108.355.
Intraday objectives: update the lows from 16.01.2019–109.197.
Medium-term objectives: test the lower bound of WCZ –109.468.USDJPY: medium-term buys of the pair.
Trading recommendations: Buys from a range of favorable prices 108.335-108.766 in the formation of a reversal pattern.

Buy: 108.335-108.766, Take Profit 1-109.197, Take Profit 2-109.468.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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