USDJPY: medium-term sells of the pair. | 16 April 2021

16 April 2021, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.804-108.922. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.USDJPY: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.818-108.930. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 16.04.2021.

• Quotation of the lower boundary of the zone 1/4 – 109.200.

• Quotation of the lower boundary of the zone 1/2 –109.798.

• Intraday objectives: update the lows from 6.04.2021-108.607.

• Medium-term objectives: test the higher bound of GWCZ –107.378.USDJPY: medium-term sells of the pair.

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

• Sell: 109.200-109.798, Take Profit 1-108.607, Take Profit 2-107.378.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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