USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.000–144.600. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 141.300-141.800. 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 30.06.2023.
• Quotation of the higher boundary of the zone 1/4-143.597.
• Quotation of the higher boundary of the zone 1/2–142.278.
• Intraday objectives: update the highs from 30.06.2023-144.941.
• Medium-term objectives: test the lower bound of SWCZ –147.653.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 142.278-143.597, Take Profit 1-144.941, Take Profit 2-147.653.
• 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.
