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 higher, indicating the weakness of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 129.770-129.920 and 130.990-131.170. 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 06.02.2023.
• Quotation of the higher boundary of the zone 1/4-131.099.
• Quotation of the higher boundary of the zone 1/2–129.844.
• Intraday objectives: update the highs from 06.02.2023-132.378.
• Medium-term objectives: test the lower bound of GWCZ –134.852.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 129.844-131.099, Take Profit 1-132.378, Take Profit 2-134.852.
• 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.
