USDJPY: medium-term buys of the pair. | 18 February 2019

18 February 2019, USD/JPY

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.647-110.222 and 110.910-111.066. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 109.699-109.809. 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 14.02.2019. Quotation of the higher boundary of the zone 1/4-110.683. Quotation of the higher boundary of the zone 1/2–110.243. Intraday objectives: update the lows from 14.02.2019–111.123. Medium-term objectives: test the lower bound of SWCZ –111.990.USDJPY: medium-term buys of the pair. Trading recommendations: buys from a range of favorable prices 110.243-110.683 in the formation of a reversal pattern.

Buy: 110.243-110.683, Take Profit 1-111.123, Take Profit 2-111.990.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .