USDJPY Forecast: medium-term buys of the pair

USD/JPY

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 149.000-149.500.

At the moment, the pair is trading lower, indicating the weakness of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 149.100-149.450, 150.500-150.800 and 151.350-151.640. At the moment, the pair is trading lower, indicating the weakness 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 14.11.2023.

• Quotation of the higher boundary of the zone 1/4-150.738.

• Quotation of the higher boundary of the zone 1/2–149.575.

• Intraday objectives: update the highs from 14.11.2023-151.918.

• Medium-term objectives: test the lower bound of GWCZ –153.818.USDJPY: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 149.575-150.738, Take Profit 1-151.918, Take Profit 2-153.818.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

Origin: FreshForex

---