USDJPY: medium-term buys of the pair. | 02 September 2019
02 September 2019, USD/JPY
Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.813-108.001 and 105.780-105.902. 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 105.685-105.800. 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 29.08.2019. Quotation of the higher boundary of the zone 1/4-106.188. Quotation of the higher boundary of the zone 1/2–105.711. Intraday objectives: update the highs from 29.08.2019-106.681. Medium-term objectives: test the lower bound of GWCZ –107.331.
Trading recommendations: buys from the range of favorable prices 105.711-106.188 in the formation of a reversal pattern.
Buy: 105.711-106.188, Take Profit 1-106.681, Take Profit 2-107.331.
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.
