FX.co ★ Control zones for USD/JPY on 08/27/20

The upward pattern is not complete, so it is necessary to hold the purchases of the pair that were opened earlier. The growth target is the weekly CZ 107.75-107.42 and there is a 75% probability that we can reach this zone, which makes buying from the current levels profitable.

To cancel the upward pattern, it is necessary to close below the WCZ 1/2 105.43-105.28. This will allow us to look for sales patterns, which has 30% probability that it will be implemented, making it an auxiliary one. Thus, selling from the current levels are not profitable.

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

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

Monthly CZ - monthly control zone. The zone, which reflects the average volatility over the past year.