USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 135.985-136.202. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 135.993-136.303. 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 29.06.2022.
• Quotation of the higher boundary of the zone 1/4-135.925.
• Quotation of the higher boundary of the zone 1/2–134.926.
• Intraday objectives: update the highs from 29.06.2022-136.938.
• Medium-term objectives: test the lower bound of GWCZ –137.283.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 134.926-135.925, Take Profit 1-136.938, Take Profit 2-137.283.
• 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.
