04 August 2021, USD/JPY
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.019-110.108. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.744-109.831. 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 03.08.2021.
• Quotation of the lower boundary of the zone 1/4 – 109.367.
• Quotation of the lower boundary of the zone 1/2 –109.860.
• Intraday objectives: update the lows from 03.08.2021-108.874.
• Medium-term objectives: test the higher bound of WCZ –108.614.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 109.367-109.860, Take Profit 1-108.874, Take Profit 2-108.614.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)