USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 135.751-136.094. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 133.105-133.278. 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 08.08.2022.
• Quotation of the higher boundary of the zone 1/4-134.498.
• Quotation of the higher boundary of the zone 1/2–133.516.
• Intraday objectives: update the highs from 08.08.2022-135.568.
• Medium-term objectives: test the lower bound of GWCZ –136.146.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 133.516-134.498, Take Profit 1-135.568, Take Profit 2-136.146.
• 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.
