USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.525-144.009. 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 138.505-138.784 and 135.965-136.318. 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 02.12.2022.
• Quotation of the lower boundary of the zone 1/4 – 134.718.
• Quotation of the lower boundary of the zone 1/2 – 135.849.
• Intraday objectives: update the lows from 02.12.2022-133.606.
• Medium-term objectives: test the higher bound of SWCZ –132.731.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 134.718-135.849, Take Profit 1-133.606, Take Profit 2-132.731.
• 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.
