02 Agustus 2019, USD/JPY
Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.969-108.170. 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 107.412-107.670. 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 02.08.2019. Quotation of the lower boundary of the zone 1/4-107.258. Quotation of the lower boundary of the zone 1/2–107.670. Intraday objectives: update the lows from 02.08.2019-106.847. Medium-term objectives: test the higher bound of SWCZ –105.979. Trading recommendations: sells from the range of favorable prices 107.258-107.670 in the formation of a reversal pattern.
Sell: 107.258-107.670, Take Profit 1-106.847, Take Profit 2-105.979.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)