USDJPY – Down
Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.965-111.192. At the moment, the pair is trading lower, which indicates the strength of sellers.
Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located at the quote 108.241. 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 08.01.2019.
Quotation of the higher boundary of the zone 1/4-108.557.
Quotation of the higher boundary of the zone 1/2–108.129.
Intraday objectives: update the highs from 08.01.2019–108.957.
Medium-term objectives: test the lower bound of GSWCZ–109.816.
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 108.129-108.557 in the formation of a reversal pattern.
Buy: 108.129-108.557, Take Profit 1-108.957, Take Profit 2-109.816.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)
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