U.S. Dollar / Japanese Yen
Updated

USDJPY ( INSIDE OLD DEMAND ZONE ) (4H)

846
USDJPY

HELLO TRADERS

  • Tendency , the price inside two turning level at 154.786 & 153.625 .

  • TURNING LEVEL (1) : the price of this level at 154.786 , so if the price breaking this level reach a resistance level (1) .

  • TURNING LEVEL (2) : the price of this level at 153.625 , so if the price breaking this level reach a support level (1) .

  • RESISTANCE LEVEL (1) : this level around 157.687 , for reach this resistance level the price need breaking a turning level (1) .

  • RESISTANCE LEVEL (2) : around 159.893 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .

  • SUPPORT LEVEL (1) : this level around 151.996 , for reach this support level the price need breaking a turning level (2) .

  • SUPPORT LEVEL (2) : support level at 150.180, for reach this level will be breaking by open 4h candle below support level (1) .

  • CORRECTIVE LEVEL : currently price 153.931 , have two scenario , first corrective 154.786 , before dropping to touch a 153.625 , then 151.996 , second corrective 153.625 to reach a 154.786, then breaking this level reach a resistance level (1).

TARGET LEVEL :
  • RESISTANCE LEVEL : 157.687 , 159.893 .
  • SUPPORT LEVEL : 151.996 , 150.180.

Trade active
the price trading in the sensitive area , inside old demand zone it is a strong zone , if the price breaking turning level (1) , by open 4h candle above this level reach a resistance level (1) , beware corrective turning level(1) for reach a turning level (2) , indicates to breaking this level to reach a support level (1) .
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