06/04/2023
USDJPY: medium-term buys of the pair. | 06 April 2023
06 April 2023, USD/JPY
β’ Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 132.000-132.500. At the moment, the pair is trading lower, indicating the strength of sellers.οΏΌ
β’ Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 132.300-132.500. At the moment, the pair is trading lower, indicating the weakness of buyers.
β’ 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 03.04.2023.
β’ Quotation of the higher boundary of the zone 1/4-132.349.
β’ Quotation of the higher boundary of the zone 1/2β131.085.
β’ Intraday objectives: update the highs from 03.04.2023-133.638.
β’ Medium-term objectives: test the lower bound of WCZ β134.468.οΏΌ
β’ Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
β’ Buy: 131.085-132.349, Take Profit 1-133.638, Take Profit 2-134.468.
β’ WCZ (weekly control zone)
β’ GWCZ (golden weekly control zone)
β’ SWCZ (silver weekly control zone