USDJPY: medium-term buys of the pair. | 04 December 2019

04 December 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.497-108.642. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.USDJPY: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.528-108.607. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 02.12.2019.

• Quotation of the higher boundary of the zone 1/4-109.204.

• Quotation of the higher boundary of the zone 1/2–108. 694

• Intraday objectives: update the highs from 02.12.2019-109.718.

• Medium-term objectives: test the lower bound of GWCZ –110.762.USDJPY: medium-term buys of the pair.

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

• Buy: 108.694-109.204, Take Profit 1-109.718, Take Profit 2-110.762.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE FUEL WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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