USDJPY: medium-term sells of the pair. | 17 June 2022

17 June 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 134.276-134.562. 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 134.354-134.631. 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 16.06.2022.

• Quotation of the lower boundary of the zone 1/4 – 132.378.

• Quotation of the lower boundary of the zone 1/2 – 133.250.

• Intraday objectives: update the lows from 16.06.2022-131.518.

• Medium-term objectives: test the higher bound of GWCZ –130.325.USDJPY: medium-term sells of the pair.

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

• Sell: 132.378-133.250, Take Profit 1-131.518, Take Profit 2-130.325.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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