USDJPY: medium-term sells of the pair | 08 Oktober 2019

08 Oktober 2019, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 107.782-107.986. At the moment, the pair is trading lower, indicating the strength of sellers.USDJPY: medium-term sells of the pair

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 106.788-106.896. At the moment, the pair is trading higher, indicating the weakness 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 04.10.2019.

• Quotation of the lower boundary of the zone 1/4-106.805.

• Quotation of the lower boundary of the zone 1/2–107.294.

• Intraday objectives: update the lows from 04.10.2019-106.321.

• Medium-term objectives: test the higher bound of GWCZ –105.476.USDJPY: medium-term sells of the pair

• Trading recommendations: sells from the range of favorable prices 106.805-107.294 in the formation of a reversal pattern.

• Sell: 106.805-107.294, Take Profit 1-106.321, Take Profit 2-105.476.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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