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USDJPY: medium-term buys of the pair.

USDJPY: medium-term buys of the pair. | 07 August 2019

07 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.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 106.400-106.518. At the moment, the pair is trading lower, indicating the weakness 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 06.08.2019. Quotation of the higher boundary of the zone 1/4-106.667. Quotation of the higher boundary of the zone 1/2–106.271. Intraday objectives: update the highs from 06.08.2019-105.514. Medium-term objectives: test the lower bound of GWCZ –107.976.USDJPY: medium-term buys of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 106.271-106.667 in the formation of a reversal pattern.

Buy: 106.271-106.667, Take Profit 1-107.079, Take Profit 2-107.976.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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