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.
Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 147.000-147.500. 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 03.10.2023.
• Quotation of the higher boundary of the zone 1/4-148.613.
• Quotation of the higher boundary of the zone 1/2–147.327.
• Intraday objectives: update the highs from 03.10.2023-149.923.
• Medium-term objectives: test the lower bound of GWCZ –152.476.USDJPY: medium-term buys of the pair.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 147.327-148.613, Take Profit 1-149.923, Take Profit 2-152.476.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
