USDJPY ( UNDER SHORT PRESSURE ) ( 4H )

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USDJPY


HELLO TRADERS

the last chart as mentioned a rise of the price , today price is under short pressure

  • Tendency the price is a bearish pressure in 159,888

  • TURNING LEVEL : the price turning level at 159,888 , 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 159,888 , the price will rise to 160,216 , then the price breaking this level reach to new historical peaks 161.183

  • SUPPORT LEVEL : the price trade below turning level 159,888, it will reach the support level of 158.347 and 157.626, stable this level reach to 156.806

  • CORRECTIVE LEVEL : price will 159,888 , correct itself before dropping


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