USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 134.801-135.005. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 133.214-133.369. 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 17.08.2022.
• Quotation of the higher boundary of the zone 1/4-134.481.
• Quotation of the higher boundary of the zone 1/2–133.498.
• Intraday objectives: update the highs from 17.08.2022-135.479.
• Medium-term objectives: test the lower bound of GWCZ –137.614.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 133.498-134.481, Take Profit 1-135.479, Take Profit 2-137.614.
• 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.
