18 September 2020, USD/JPY
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 106.132-106.202. At the moment, the pair is trading lower, indicating the strength of sellers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 106.111-106.221. 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 17.09.2020.
• Quotation of the lower boundary of the zone 1/4 – 105.320.
• Quotation of the lower boundary of the zone 1/2 –106.123.
• Intraday objectives: update the lows from 17.09.2020-104.529.
• Medium-term objectives: test the higher bound of WCZ –103.772.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 105.320-106.123, Take Profit 1-104.529, Take Profit 2-103.772.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)