USDJPY: medium-term buys of the pair. | 09 June 2022

09 June 2022, USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 129.937-130.156. 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 127.061-127.232. 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 09.06.2022.

• Quotation of the higher boundary of the zone 1/4-133.658.

• Quotation of the higher boundary of the zone 1/2–132.771.

• Intraday objectives: update the highs from 09.06.2022-134.557.

• Medium-term objectives: test the lower bound of GWCZ –134.793.

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

• Buy: 132.771-133.658, Take Profit 1-134.557, Take Profit 2-134.793.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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