USDJPY: medium-term sells of the pair. | 21 March 2019

21 March 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.701-111.825. 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 111.045-111.111 and 111.564-111.621. At the moment, the pair is trading lower, indicating the strength of sellers. 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 21.03.2019. Quotation of the lower boundary of the zone 1/4-110.922. Quotation of the lower boundary of the zone 1/2–111.366. Intraday objectives: update the lows from 21.03.2019–110.489. Medium-term objectives: test the higher bound of WCZ –110.348. USDJPY: medium-term sells of the pair. Trading recommendations: sells from a range of favorable prices 110.922-111.366 in the formation of a reversal pattern.

Sell: 110.922-111.366, Take Profit 1-110.489, Take Profit 2-110.348.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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