USDJPY – Down
• Long-term trend: goes short. 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 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 146.729-147.064, 141.673-142.033 and 139.329-139.657. At the moment, the pair is trading lower, indicating the strength of sellers.
• 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 11.11.2022.
• Quotation of the lower boundary of the zone 1/4 – 139.497.
• Quotation of the lower boundary of the zone 1/2 – 140.567.
• Intraday objectives: update the lows from 11.11.2022-138.443.
• Medium-term objectives: test the higher bound of GWCZ –137.453.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 139.497-140.567, Take Profit 1-138.443, Take Profit 2-137.453.
• 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.
