USDJPY: medium-term buys of the pair. | 11 March 2020

11 March 2020, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.480-109.722. 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 102.192-102.370. 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 10.03.2020.

• Quotation of the higher boundary of the zone 1/4-105.364.

• Quotation of the higher boundary of the zone 1/2–104.834.

• Intraday objectives: update the highs from 10.03.2020-105.900.

• Medium-term objectives: test the lower bound of GWCZ –106.322.USDJPY: medium-term buys of the pair.

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

• Buy: 104.834-105.364, Take Profit 1-105.900, Take Profit 2-106.322.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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