USDJPY: medium-term sells of the pair. | 26 December 2018

26 December 2018, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 112.202-112.393 and 110.997-111.178. At the moment, the pair is trading lower, which indicates the strength of sellers.USDJPY: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 111.073-111.180. At the moment, the pair is trading lower, which indicates 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 26.12.2018. Quotation of the lower boundary of the zone 1/4–110.563, quotation of the lower boundary of the zone 1/2-111.016. Intraday objectives: update the lows from 26.12.2018–110.097, Medium-term objectives: test the higher bound of GWCZ–109.232.USDJPY: medium-term sells of the pair. Trading recommendations: Sells from a range of favorable prices 110.563-111.016 in the formation of a reversal pattern.

Sell: 110.563-111.016, Take Profit 1-110.097, Take Profit 2-109.232.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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James Hoggarth
Analyst of FreshForex
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