USDJPY: medium-term buys of the pair. | 29 March 2022

29 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 118.108-118.441. 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 122.154-122.368. 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 28.03.2022.

• Quotation of the higher boundary of the zone 1/4-124.346.

• Quotation of the higher boundary of the zone 1/2–123.580.

• Intraday objectives: update the highs from 28.03.2022-125.120.

• Medium-term objectives: test the lower bound of SWCZ –125.897.USDJPY: medium-term buys of the pair.

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

• Buy: 123.580-124.346, Take Profit 1-125.120, Take Profit 2-125.897.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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