USDJPY: temporary uncertainty. | 27 February 2019

27 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 111.023-111.267. At the moment, the pair is trading lower, indicating the weakness of buyers.USDJPY: temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 110.675-110.746. At the moment, the pair is trading lower, indicating the weakness 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 25.02.2019. Quotation of the higher boundary of the zone 1/4-110.781. Quotation of the higher boundary of the zone 1/2–110.350. Intraday objectives: update the lows from 25.02.2019–111.241. Medium-term objectives: test the lower bound of SWCZ –111.990.USDJPY: temporary uncertainty. Trading recommendations: the volumes of the medium-term trend impede the entry into the buy transaction, I recommend staying out of the market.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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