USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 131.500-132.100. 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 131.510-131.750. 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 16.01.2023.
• Quotation of the lower boundary of the zone 1/4 – 128.366.
• Quotation of the lower boundary of the zone 1/2 – 129.587.
• Intraday objectives: update the lows from 16.01.2023-127.153.
• Medium-term objectives: test the higher bound of SWCZ –124.664.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 128.366-129.587, Take Profit 1-127.153, Take Profit 2-124.664.
• 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.
