20 Oktober 2023, USD/JPY
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 148.800-149.300. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 148.700-149.000 and 149.350-149.350. At the moment, the pair is trading higher, indicating the strength of buyers.
• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 19.10.2023.
• Quotation of the higher boundary of the zone 1/4-148.707.
• Quotation of the higher boundary of the zone 1/2–147.416.
• Intraday objectives: update the highs from 19.10.2023-150.022.
• Medium-term objectives: test the lower bound of GWCZ –152.288.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 147.416-148.707, Take Profit 1-150.022, Take Profit 2-152.288.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)