USDJPY: medium-term buys of the pair | 02 July 2019
02 July 2019, USD/JPY
Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.286-108.510. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.656-107.729. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 01.07.2019. Quotation of the higher boundary of the zone 1/4-108.110. Quotation of the higher boundary of the zone 1/2–107.687. Intraday objectives: update the highs from 01.07.2019-108.526. Medium-term objectives: test the lower bound of GWCZ –109.297.
Trading recommendations: buys from a range of favorable prices 107.687-108.110 in the formation of a reversal pattern.
Buy: 107.687-108.110, Take Profit 1-108.526, Take Profit 2-109.297.
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.
