USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 130.900-131.500. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 129.770-129.920, 130.750-131.000 and 133.800-134.000. 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 17.02.2023.
• Quotation of the higher boundary of the zone 1/4-133.735.
• Quotation of the higher boundary of the zone 1/2–132.424.
• Intraday objectives: update the highs from 17.02.2023-135.073.
• Medium-term objectives: test the lower bound of SWCZ –137.309.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 132.424-133.735, Take Profit 1-135.073, Take Profit 2-137.309.
• 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.
