USDJPY: temporary uncertainty. | 11 February 2019

11 February 2019, USD/JPY

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.661-110.225. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.USDJPY: temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 109.847-109.937. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 04.02.2019. Quotation of the higher boundary of the zone 1/4-109.723. Quotation of the higher boundary of the zone 1/2–10109.287. Intraday objectives: update the lows from 04.02.2019–110.154. Medium-term objectives: test the lower bound of GWCZ –111.088.USDJPY: temporary uncertainty. Trading recommendations: the volumes of the medium-term trend impede the entry into the buy transaction, I recommend staying out of the market.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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