Control zones for USD/JPY pair on Sept 16, 2019


At the beginning of this week, the main support is 1/2 WCZ of 107.25-107.16. Testing this zone will allow you to consider the pattern for the purchase. The first growth target will be last week’s high. Further growth will depend on whether the yen can gain a foothold above the extremum.

Now, we can see the formation of a local accumulation zone, which determine the further priority of the pair. In most cases, going beyond it will indicate the direction of bidding in the second half of the week.

An alternative model will be developed if the pair continues to grow from current levels. This model also has a high probability due to the opening of trading with a price gap. The absorption of the price gap usually occurs in the near future.


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 –

Source:: Control zones for USD / JPY pair on 09/16/19

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply