USDJPY: medium-term sells of the pair. | 20 July 2021

20 July 2021, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.969-110.139. At the moment, the pair is trading lower, indicating the strength of sellers.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 109.942-110.024. At the moment, the pair is trading lower, indicating the strength 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 19.07.2021.

• Quotation of the lower boundary of the zone 1/4 – 109.551.

• Quotation of the lower boundary of the zone 1/2 –110.045.

• Intraday objectives: update the lows from 19.07.2021-109.062.

• Medium-term objectives: test the higher bound of WCZ –108.724.USDJPY: medium-term sells of the pair.

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

• Sell: 109.551-110.045, Take Profit 1-109.062, Take Profit 2-108.724.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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