05 August 2019, USD/JPY
Long-term trend: goes short.The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.969-108.170. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 106.469-106.639. 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 05.08.2019. Quotation of the lower boundary of the zone 1/4-106.185. Quotation of the lower boundary of the zone 1/2–106.589. Intraday objectives: update the lows from 05.08.2019-105.789. Medium-term objectives: test the higher bound of GWCZ –105.183. Trading recommendations: sells from the range of favorable prices 106.185-106.589 in the formation of a reversal pattern.
Sell: 106.185-106.589, Take Profit 1-105.789, Take Profit 2-105.183.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)