USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.372-143.766. 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 136.470-136.618. At the moment, the pair is trading lower, indicating the weakness 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 13.12.2022.
• Quotation of the higher boundary of the zone 1/4-136.775.
• Quotation of the higher boundary of the zone 1/2–135.626.
• Intraday objectives: update the highs from 13.12.2022-137.943.
• Medium-term objectives: test the lower bound of GWCZ –140.430.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 135.626-136.775, Take Profit 1-137.943, Take Profit 2-140.430.
• 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.
