USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.400-144.000. 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 141.050-141.250 and142.500-142.750. 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 01.08.2023.
• Quotation of the higher boundary of the zone 1/4-142.193.
• Quotation of the higher boundary of the zone 1/2–140.890.
• Intraday objectives: update the highs from 01.08.2023-143.521.
• Medium-term objectives: test the lower bound of WCZ –144.657.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 140.890-142.193, Take Profit 1-143.521, Take Profit 2-144.657.
• 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.
