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December 28, 2018

Analysis of margin levels - USDJPY: temporary uncertainty.

USDJPY - Down

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 110.997-111.178. At the moment, the pair is trading lower, which indicates the strength of sellers.USDJPY: temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located at the quote 110.867. At the moment, the pair is trading lower, indicating the weakness of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 26.12.2018. Quotation of the higher boundary of the zone 1/4–110.955, quotation of the higher boundary of the zone 1/2-110.526. Intraday objectives: update the highs from 26.12.2018–111.407, Medium-term objectives: test the lower bound of WCZ–111.902.USDJPY: temporary uncertainty. Trading recommendations: Long-term and medium-term trends in different directions, I recommend to refrain from entering the transaction.


You may check other analytical reviews on FreshForex website. Source: freshforex.com.

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