USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 142.916-143.916. 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 145.555-145.831. 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 22.09.2022.
• Quotation of the lower boundary of the zone 1/4 – 141.432.
• Quotation of the lower boundary of the zone 1/2 – 142.521.
• Intraday objectives: update the lows from 22.09.2022-140.360.
• Medium-term objectives: test the higher bound of GWCZ –139.294.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 141.432-142.521, Take Profit 1-140.360, Take Profit 2-139.294.
• 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.
