05 March 2021, USD/JPY
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 103.745-103.830. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 106.810-106.922. 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 05.03.2021.
• Quotation of the higher boundary of the zone 1/4-107.431.
• Quotation of the higher boundary of the zone 1/2–106.857.
• Intraday objectives: update the highs from 05.03.2021-108.011.
• Medium-term objectives: test the lower bound of SWCZ –109.238.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 106.857-107.431, Take Profit 1-108.011, Take Profit 2-109.238.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)