U.S. Dollar / Japanese Yen
Short
Updated

USDJPY ( TRADING BELOW CHANNEL ) ( 4H )

187
USDJPY

HELLO TRADERS

  • TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure .

  • TURNING LEVEL : the price around 159.099 , if the price trading below this level reach a support level , but if breaking this level reach a resistance level .

  • PRICE MOVEMENT : the price in previously it can be breakout a channel , currently price 158.410 , as long as the price stabilizing below this level reach a support level my goal 157.682

  • PRICE ACTION :

  1. SHORTCONDITION : the price trading below turning level at 159.099 , as long as the price trade below this reach a support level at 157.682 , and stabilizing below this level reach a 156.571
  2. SHORT CONDITION : if the price breaking turning level , price reach a resistance level at 159.849, the stable above this level reach a 160.807

TARGET LEVEL :
  • RESISTANCE LEVEL : 159.849 , 160.807 .
  • SUPPORT LEVEL :157.682 , 156.57 .
Trade closed: target reached
reach full target , know stable bearish zone

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