USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 135.751-136.094. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 134.402-134.634 and 133.185-133.431. At the moment, the pair is trading lower, indicating the strength of sellers.
• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 02.08.2022.
• Quotation of the lower boundary of the zone 1/4 – 131.436.
• Quotation of the lower boundary of the zone 1/2 – 132.387.
• Intraday objectives: update the lows from 02.08.2022-130.390.
• Medium-term objectives: test the higher bound of GWCZ –129.343.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 131.436-132.387, Take Profit 1-130.390, Take Profit 2-129.343.
• 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.
