USDJPY: medium-term sells of the pair. | 02 December 2022

02 December 2022, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.628-144.009. 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 138.505-138.784 and 136.318-136.625. 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 01.12.2022.

• Quotation of the lower boundary of the zone 1/4 – 135.503.

• Quotation of the lower boundary of the zone 1/2 – 136.647.

• Intraday objectives: update the lows from 01.12.2022-134.378.

• Medium-term objectives: test the higher bound of SWCZ –132.752.USDJPY: medium-term sells of the pair.

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

• Sell: 135.503-136.647, Take Profit 1-134.378, Take Profit 2-132.752.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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