USDJPY: medium-term buys of the pair. | 27 December 2019

27 December 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.345-109.528. 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 109.522-109.585. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 26.12.2019.

• Quotation of the higher boundary of the zone 1/4-109.072.

• Quotation of the higher boundary of the zone 1/2–108.567.

• Intraday objectives: update the highs from 26.12.2019-109.664.

• Medium-term objectives: test the lower bound of WCZ –110.066.

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

• Buy: 108.567-109.072, Take Profit 1-109.664, Take Profit 2-110.066.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• Download a profitable trading strategy for free. Send a request to school@freshforex.com. In the email specify your number of trading account.


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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