USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.398-144.833. 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 144.562-144.718. 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 30.09.2022.
• Quotation of the higher boundary of the zone 1/4-144.248.
• Quotation of the higher boundary of the zone 1/2–143.129.
• Intraday objectives: update the highs from 30.09.2022-145.384.
• Medium-term objectives: test the lower bound of GWCZ –146.877.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 143.129-144.248, Take Profit 1-145.384, Take Profit 2-146.877.
• 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.
