USDJPY – Down
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 131.500-132.100. 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 128.290-128.580. 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 24.01.2023.
• Quotation of the higher boundary of the zone 1/4-129.777.
• Quotation of the higher boundary of the zone 1/2–128.550.
• Intraday objectives: update the highs from 24.01.2023-131.028.
• Medium-term objectives: test the lower bound of WCZ –132.350.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 128.550-129.777, Take Profit 1-131.028, Take Profit 2-132.350.
• 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.
