USDJPY: medium-term buys of the pair. | 21 Januari 2019
21 Januari 2019, USD/JPY
Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 108.295-108.435. 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 108.322-108.445. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 18.01.2019.
Quotation of the higher boundary of the zone 1/4-109.462.
Quotation of the higher boundary of the zone 1/2–109.026.
Intraday objectives: update the highs from 18.01.2019–109.898.
Medium-term objectives: test the lower bound of GWCZ –110.342.
Trading recommendations: Buys from a range of favorable prices 109.026-109.462 in the formation of a reversal pattern.
Buy: 109.026-109.462, Take Profit 1-109.898, Take Profit 2-110.342.
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