USDJPY – DownLong-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.661-109.898. 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 108.809-108.893 and 109.891. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 04.02.2019. Quotation of the higher boundary of the zone 1/4-109.723. Quotation of the higher boundary of the zone 1/2–10109.287. Intraday objectives: update the lows from 04.02.2019–110.154. Medium-term objectives: test the lower bound of GWCZ –111.088. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful buys from the range of favorable prices 109.287-109.723 in the formation of a reversal pattern. Buy: 109.287-109.723, Take Profit 1-110.154, Take Profit 2-111.088. WCZ (weekly control zone) GWCZ (golden weekly control zone) SWCZ (silver weekly control zone)
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/marginal/issue_143103.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
