USDJPY: medium-term buys of the pair. | 02 February 2021

02 February 2021, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 103.745-103.830. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 103.710-103.820. At the moment, the pair is trading higher, indicating the strength of buyers.

• 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 29.01.2021.

• Quotation of the higher boundary of the zone 1/4-104.485.

• Quotation of the higher boundary of the zone 1/2–103.942.

• Intraday objectives: update the highs from 29.01.2021-105.033.

• Medium-term objectives: test the lower bound of GWCZ –105.805.

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

• Buy: 103.942-104.485, Take Profit 1-105.033, Take Profit 2-105.805.

• 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 .