USDJPY: medium-term sells of the pair. | 09 Maret 2020

09 Maret 2020, USD/JPY

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 109.528-109.692. 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 the current contract is located in the range, of quotations 110.299-110.429. 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 09.03.2020.

• Quotation of the lower boundary of the zone 1/4-102.032.

• Quotation of the lower boundary of the zone 1/2–102.534.

• Intraday objectives: update the lows from 09.03.2020-101.535.

• Medium-term objectives: test the higher bound of SWCZ –101.242.USDJPY: medium-term sells of the pair.

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

• Sell: 102.032-102.534, Take Profit 1-101.535, Take Profit 2-101.242.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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