FX.co ★ Control zones of the currency pair USD / JPY as of July 9, 2018

Last week's movement made it possible to form a medium-term accumulation zone. The priority remains growth, as the American session closed above the NCP 1/2 110.44-110.35.

Today's movement needs to be seen as an opportunity to get favorable prices for a purchase. For this, a reduction of the pair to the NCP 1/2 is required. 110.16-110.06. An important factor for the continuation of growth is the closure of the US session above the level of 110.16. The purpose of purchases is the week-long short-term fault of 111.53-111.33, which indicates a profitable risk-to-profit ratio of purchases made from the above-mentioned support zone.

In case the pair cannot reach NCP 1/2, and growth will resume from current marks, it will be necessary to search for a pattern for purchase since the risk-to-profit ratio will still be profitable, and the probability of reaching a weekly short-term fault will be 70%.

The movement, which will violate the upward priority and allow future sales to be considered, will be based on the breakdown of the NCP 1/2 110.16-110.06 and the consolidation below it at the close of the US session. If this happens, the next reduction goal will be a weekly short-term fault of 109.20-109.01, which will allow forming a long-term accumulation zone. The probability of forming this model is 30%. Breaking upward momentum will require closing any long positions.

The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.

The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.

The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.