USDJPY: medium-term buys of the pair. | 05 October 2022

05 October 2022, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.398-144.833. At the moment, the pair is trading lower, indicating the strength of sellers.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 144.562-144.718. At the moment, the pair is trading lower, indicating the weakness 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 30.09.2022.

• Quotation of the higher boundary of the zone 1/4-144.299.

• Quotation of the higher boundary of the zone 1/2–143.180.

• Intraday objectives: update the highs from 30.09.2022-145.435.

• Medium-term objectives: test the lower bound of GWCZ –146.928.USDJPY: medium-term buys of the pair.

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

• Buy: 143.180-144.299, Take Profit 1-145.435, Take Profit 2-146.928.

• 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 .