USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.979-144.427. 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 148.536-148.674. At the moment, the pair is trading lower, indicating the weakness 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 01.11.2022.
• Quotation of the higher boundary of the zone 1/4-147.560.
• Quotation of the higher boundary of the zone 1/2–146.383.
• Intraday objectives: update the highs from 01.11.2022-148.755.
• Medium-term objectives: test the lower bound of WCZ –149.715.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 146.383-147.560, Take Profit 1-148.755, Take Profit 2-149.715.
• 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.
