USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 147.200–147.700. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 147.250–147.650. 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 27.09.2023.
• Quotation of the higher boundary of the zone 1/4-148.394.
• Quotation of the higher boundary of the zone 1/2–147.118.
• Intraday objectives: update the highs from 27.09.2023-149.692.
• Medium-term objectives: test the lower bound of SWCZ –150.207.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 147.118-148.394, Take Profit 1-149.692, Take Profit 2-150.207.
• 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.
