16 Mei 2023, USD/JPY
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 133.700-134.300. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 136.300-136.500. 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 04.05.2023.
• Quotation of the lower boundary of the zone 1/4 – 134.646.
• Quotation of the lower boundary of the zone 1/2 – 135.994.
• Intraday objectives: update the lows from 04.05.2023-133.325.
• Medium-term objectives: test the higher bound of WCZ –132.215.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 134.646-135.994, Take Profit 1-133.325, Take Profit 2-132.215.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)