USDJPY: temporary uncertainty. | 16 January 2019

16 January 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.329-108.498. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.173-108.553. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 10.01.2019.

Quotation of the lower boundary of the zone 1/4-108.181.

Quotation of the lower boundary of the zone 1/2–108.615.

Intraday objectives: update the lows from 10.01.2019–107.777.

Medium-term objectives: test the higher bound of WCZ –107.403.

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 108.181-108.615 in the formation of a reversal pattern.

Sell: 108.181-108.615, Take Profit 1-107.777, Take Profit 2-107.403.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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