USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.187-144.833. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 151.062-151.429. At the moment, the pair is trading lower, indicating the strength of sellers.
• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 24.10.2022.
• Quotation of the lower boundary of the zone 1/4 – 146.672.
• Quotation of the lower boundary of the zone 1/2 – 147.850.
• Intraday objectives: update the lows from 24.10.2022-145.514.
• Medium-term objectives: test the higher bound of GWCZ –144.765.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 146.672-147.850, Take Profit 1-145.514, Take Profit 2-144.765.
• 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.
