USDJPY: medium-term buys of the pair. | 21 March 2022

21 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 118.218-118.352. 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 118.232-118.362. 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 18.03.2022.

• Quotation of the higher boundary of the zone 1/4-118.701.

• Quotation of the higher boundary of the zone 1/2–118.004.

• Intraday objectives: update the highs from 18.03.2022-119.407.

• Medium-term objectives: test the lower bound of SWCZ –119.857.USDJPY: medium-term buys of the pair.

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

• Buy: 118.004-118.701, Take Profit 1-119.407, Take Profit 2-119.857.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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