USDJPY – Down
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 135.608-135.824. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 133.214-133.369. 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 16.08.2022.
• Quotation of the higher boundary of the zone 1/4-133.691.
• Quotation of the higher boundary of the zone 1/2–132.719.
• Intraday objectives: update the highs from 16.08.2022-134.676.
• Medium-term objectives: test the lower bound of WCZ –135.604.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 132.719-133.691, Take Profit 1-134.676, Take Profit 2-135.604.
• 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.
