GBPJPY ( DOWNWARD ) ( 4H )

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GBPJPY

HELLO TRADERS

the last chart as mentioned stable a turning level created a new historical peaks

  • Tendency the price is a bearish pressure in 202.267

  • TURNING LEVEL : the price turning level at 202.267 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area , to create a new historical peaks

  • RESISTANCE LEVEL: if the price braking turning level at 202.267 , the price will rise to 203.411 , then the price breaking turning level by open 4h and 1h candle easily to create new historical peaks touch 203,411

  • SUPPORT LEVEL : the price trade below turning level 202.267, it will reach the support level of 201.563 and 200.700 , stable this level reach to 199.615

  • CORRECTIVE LEVEL : price will 202.267, correct itself before falling


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