USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 134.276-134.562. 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 134.793-135.076. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• 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 22.06.2022.
• Quotation of the higher boundary of the zone 1/4-135.653.
• Quotation of the higher boundary of the zone 1/2–134.660.
• Intraday objectives: update the highs from 22.06.2022-136.661.
• Medium-term objectives: test the lower bound of GWCZ –137.358.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 134.660-135.653, Take Profit 1-136.661, Take Profit 2-137.358.
• 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.
