USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.722-144.158. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 139.166-139.385. 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 22.11.2022.
• Quotation of the higher boundary of the zone 1/4-141.014.
• Quotation of the higher boundary of the zone 1/2–139.799.
• Intraday objectives: update the highs from 22.11.2022-142.250.
• Medium-term objectives: test the lower bound of GWCZ –144.914.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 139.799-141.014, Take Profit 1-142.250, Take Profit 2-144.914.
• 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.
