The main plan for this week is to keep sales open from the weekly control zone 1/4 last week. The goal of the downward movement is the weekly control zone 105.69-105.33. Any growth must be considered as an opportunity to sell this currency pair again until the indicated zone is reached.
Working in the downward direction should remain the main one. Purchases from current levels are not profitable, because the fifth day, because the fifth day continues large purchases of the yen, which leads to a decline in the pair.
An alternative model will be developed if today's trading closes above yesterday's high. This will allow you to form a pattern of "absorption" of the daily level and slow down the fall. Moreover, it is important to understand that this model will provide an opportunity to sell the pair profitably in the future.
Daily CZ - daily control zone. The zone 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. The zone that reflects the average volatility over the past year.
