12 Juli 2023, USD/JPY
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 143.800-144.400. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 144.000-144.200. 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 12.07.2023.
• Quotation of the lower boundary of the zone 1/4 – 140.634.
• Quotation of the lower boundary of the zone 1/2 – 141.924.
• Intraday objectives: update the lows from 12.07.2023-139.367.
• Medium-term objectives: test the higher bound of GWCZ –137.113.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 140.634-141.924, Take Profit 1-139.367, Take Profit 2-137.113.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)