USDJPY: medium-term sells of the pair. | 06 January 2021

06 January 2021, USD/JPY

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 103.460-103.550. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 103.450-103.550. At the moment, the pair is trading lower, indicating 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 06.01.2021.

• Quotation of the lower boundary of the zone 1/4 – 103.224.

• Quotation of the lower boundary of the zone 1/2 –103.867.

• Intraday objectives: update the lows from 06.01.2021-102.590.

• Medium-term objectives: test the higher bound of GWCZ –101.725.USDJPY: medium-term sells of the pair.

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

• Sell: 103.224-103.867, Take Profit 1-102.590, Take Profit 2-101.725.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .