USDJPY: medium-term buys of the pair. | 15 March 2022

15 March 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 117.929-118.117. At the moment, the pair is trading higher, indicating the strength of buyers.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 117.906-118.075. 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 15.03.2022.

• Quotation of the higher boundary of the zone 1/4-117.734.

• Quotation of the higher boundary of the zone 1/2–117.048.

• Intraday objectives: update the highs from 15.03.2022-118.442.

• Medium-term objectives: test the lower bound of SWCZ –119.878.USDJPY: medium-term buys of the pair.

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

• Buy: 117.048-117.734, Take Profit 1-118.442, Take Profit 2-119.878.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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