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20.09.2019 12:06 PM
Control zones USDJPY 09/20/2019

The downward movement on the pair is a priority, as the pair reached the monthly close of September, which led to a sharp increase in supply. A further reduction aims WCZ 1/2 107.49-107.39, the test of which will allow you to close part of the position. Further movement will depend on the reaction to the specified zone.

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Keeping sales open in yesterday's Asian session is the main plan. Repeated sales are possible from the current levels.

The alternative growth model has a low probability since the formation of a reversal model occurred. In the case of repeated growth by a monthly short-term, a search for more favorable selling prices above a weekly maximum will be required.

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Daily CZ - daily control zone. An area formed by important data from the futures market that changes several times a year.

Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. An area that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
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