USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.628-144.009. 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 138.505-138.784. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• 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 24.11.2022.
• Quotation of the lower boundary of the zone 1/4 – 138.680.
• Quotation of the lower boundary of the zone 1/2 – 139.877.
• Intraday objectives: update the lows from 24.11.2022-137.437.
• Medium-term objectives: test the higher bound of GWCZ –135.025.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 138.680-139.877, Take Profit 1-137.437, Take Profit 2-135.025.
• 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.
