USDJPY: medium-term buys of the pair. | 20 November 2019

20 November 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.645-108.726. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 108.912-109.016. 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 07.11.2019.

• Quotation of the higher boundary of the zone 1/4-108.915.

• Quotation of the higher boundary of the zone 1/2–108.408.

• Intraday objectives: update the highs from 07.11.2019-109.426.

• Medium-term objectives: test the lower bound of WCZ –109.803.USDJPY: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 108.408-108.915, Take Profit 1-109.426, Take Profit 2-109.803.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE FUEL WITHOUT SWAPS!


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.
James Hoggarth
Analyst of FreshForex
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