USDJPY: medium-term buys of the pair. | 23 March 2022

23 March 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 118.218-118.352. At the moment, the pair is trading higher, indicating the strength of buyers.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 119.066-119.261. 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 23.03.2022.

• Quotation of the higher boundary of the zone 1/4-120.681.

• Quotation of the higher boundary of the zone 1/2–119.960.

• Intraday objectives: update the highs from 23.03.2022-121.410.

• Medium-term objectives: test the lower bound of SWCZ –122.799.USDJPY: medium-term buys of the pair.

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

• Buy: 119.960-120.681, Take Profit 1-121.410, Take Profit 2-122.799.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .