12 June 2020, USD/JPY
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 106.767-106.884. At the moment, the pair is trading higher, indicating the weakness of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 106.868-107.028. At the moment, the pair is trading higher, indicating the weakness of sellers.
• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 11.06.2020.
• Quotation of the lower boundary of the zone 1/4-107.393.
• Quotation of the lower boundary of the zone 1/2–108.230.
• Intraday objectives: update the lows from 11.06.2020-106.569.
• Medium-term objectives: test the higher bound of WCZ –106.478.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 107.393-108.230, Take Profit 1-106.569, Take Profit 2-106.478.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)