USDJPY ( UNDER UPWARD PRESSURE ) ( 4H )
Updated
USDJPY
HELLO TRADERS
in the last week the price of
USDJPY starting to rising , currently the price it will be trying to breakout a channel , in the event of this occurrence , price starts to up trading .
TARGET LEVEL :
HELLO TRADERS
in the last week the price of
USDJPY starting to rising , currently the price it will be trying to breakout a channel , in the event of this occurrence , price starts to up trading .- Tendency , the price is under bullish pressure , until trading above turning level .
- Downward Zone : for a downward movement to occur , the price needs to break through the turning level at 145.994 , leading to decline that could reach the support level (1) 144.322 , if the price breaks and stabilizing below this level it may attempt to reach support zone between 142.223 and 139.804 .
- Upward Zone: as long as the price remain above the turning level at 145.994 , it may rising towards the resistance level (1) at 150.900 , if the price breaks this level with a 4h candle closing above it , it suggest further upward towards the resistance zone between 154.969 and 158.169 .
- CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 145.994 before rising .
TARGET LEVEL :
- RESISTANCE LEVEL : 150.900 ,154.969 , 158.169 .
- SUPPORT LEVEL : 144.322, 142.223 , 139.804 .
Trade active
rising +245 pip profit still continues a rising .
Trade active
still continues to rising , until price trade above turning level .
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