USDJPY: medium-term buys of the pair. | 14 August 2019
14 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 107.894-108.112. At the moment, the pair is trading lower, indicating the strength of sellers.
Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 105.264-105.392. 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 13.08.2019. Quotation of the higher boundary of the zone 1/4-106.559. Quotation of the higher boundary of the zone 1/2–106.159. Intraday objectives: update the highs from 13.08.2019-106.975. Medium-term objectives: test the lower bound of GWCZ –107.487.
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 106.159-106.559 in the formation of a reversal pattern.
Buy: 106.159-106.559, Take Profit 1-106.975, Take Profit 2-107.487
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.
