USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 136.300-136.800. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 135.780-136.050 and 136.970-137.210. 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 08.03.2023.
• Quotation of the higher boundary of the zone 1/4-136.387.
• Quotation of the higher boundary of the zone 1/2–135.055.
• Intraday objectives: update the highs from 08.03.2023-137.745.
• Medium-term objectives: test the lower bound of GWCZ –139.671.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 135.055-136.387, Take Profit 1-137.745, Take Profit 2-139.671.
• 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.
