16 июля 2019, USD/JPY
Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.183-108.377. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 107.868-107.938 and 108.326-108.444. 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 15.07.2019. Quotation of the lower boundary of the zone 1/4-108.217. Quotation of the lower boundary of the zone 1/2–108.635. Intraday objectives: update the lows from 15.07.2019-107.794. Medium-term objectives: test the higher bound of WCZ –107.305. Trading recommendations: sells from the range of favorable prices 108.217-108.635 in the formation of a reversal pattern.
Sell: 108.217-108.635, Take Profit 1-107.794, Take Profit 2-107.305.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)