USDJPY: medium-term sells of the pair. | 03 Juni 2019

03 Juni 2019, USD/JPY

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 111.471-111.655 and 109.378-109.562. At the moment, the pair is trading lower, indicating the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 108.723-108.839. At the moment, the pair is trading lower, indicating the strength of sellers. The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 03.06.2019. Quotation of the lower boundary of the zone 1/4-108.517. Quotation of the lower boundary of the zone 1/2–108.939. Intraday objectives: update the lows from 03.06.2019-108.103. Medium-term objectives: test the higher bound of SWCZ –107.259. Trading recommendations: sells from the range of favorable prices 108.517-108.939 in the formation of a reversal pattern.

Sell: 108.517-108.939, Take Profit 1-108.103, Take Profit 2-107.259.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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