USDJPY: medium-term sells of the pair. | 14 January 2022

14 January 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 113.521-113.668. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 115.720-115.848. 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 14.01.2022.

• Quotation of the lower boundary of the zone 1/4 – 114.325.

• Quotation of the lower boundary of the zone 1/2 – 114.981.

• Intraday objectives: update the lows from 14.01.2022-113.663.

• Medium-term objectives: test the higher bound of GWCZ –112.437.

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

• Sell: 114.325-114.981, Take Profit 1-113.663, Take Profit 2-112.437.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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