USDJPY ( BEARISH ) ( 4H )

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USDJPY

HELLO TRADERS
  • Tendency the price attempt to closer a support trendline , indicating the price is under bearish pressure

  • TURNING LEVEL : a blue line a round 160.629 , which indicates two cases , the first cases until the price breaking 160.629 reach a resistance level , the second case the price trade below 160.629 ,the price reach support level

  • RESISTANCE LEVEL : a bold green line , an area above the turning level , if the price breaking turning level ( blue line ) create a new resistance level

  • SUPPORT LEVEL : a red line , an area below turning level , the gold price for the support level 158.900 , buying have already increase at this level

  • PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 160.629 , it will attempt to reach support level at 159.801 and158.900 , if the breaking this level the price trying to reach new resistance level at 161.254

TARGET LEVEL :
  • RESISTANCE LEVEL : 161.254 , 161.981
  • SUPPORT LEVEL : 159.801 , 158.900

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