USDJPY – Down
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 132.000-132.500. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 132.200-132.400, 133.050-133.250 and 133.900-134.100. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• 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 19.04.2023.
• Quotation of the higher boundary of the zone 1/4-133.693.
• Quotation of the higher boundary of the zone 1/2–132.397.
• Intraday objectives: update the highs from 19.04.2023-135.015.
• Medium-term objectives: test the lower bound of GWCZ –136.859.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 132.397-133.693, Take Profit 1-135.015, Take Profit 2-136.859.
• 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.
