Control zones for USD/JPY pair on 13.06.19

Source: Forex Analysis

Today, the pair is in the middle of the flat range formed a week earlier. This speaks of keeping sales open after the 1/2 WCZ OF 108.79-108.70. The goal of the downward movement is the lower border of the flat, which is located at last week’s low. Transactions from the current levels are unprofitable in any direction.

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Work within the framework of the flat provides an opportunity for partial fixation and transfer of transactions to breakeven in the event of a flat and continued downward impulse.

The alternative model will be developed if the closure of today’s American session happens above the level of 108.79. This will complete the cycle of a downward mid-term impulse and will allow you to look for purchases tomorrow. The probability of the implementation of this model is 30%, hence, it should be considered as auxiliary.

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Daily CZ – daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ – weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

Monthly CZ – monthly control zone. The area is a reflection of the average volatility over the past year.

The material has been provided by InstaForex Company – www.instaforex.com