USDJPY
HELLO TRADERS
after publish a CPI news the price dropping , breakout a channel
TARGET LEVEL :
HELLO TRADERS
after publish a CPI news the price dropping , breakout a channel
- Tendency after the price breakout , indicates the price is under bearish pressure
- TURNING LEVEL : there is a black line around 159.827 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
- RESISTANCE LEVEL: there is a green line around 160.834 , indicates selling have already increase this level , when you reach this level buyer have more supply for
USDJPY USDJPY - SUPPORT LEVEL : there is a red line around 157.940 , indicates buying have already increase this level , when you reach this level selling have more demand for USDJPY
- PRICE MOVEMNET : the price stabilizing below turning level around 159.827, in my opinion until the price trade below turning level ,indicates selling have more demand for USDJPY , so reach a support level at 157.940 , then breaking this level reach a next target at 156.534, if the price breaking turning level , indicates buyer have more supply for USDJPY , so if the price breaking turning level by open 4h candle reach a resistance level at 160.834 , then stabilizing this level reach 161.937
TARGET LEVEL :
- RESISTANCE LEVEL : 160.834 , 161.937
- SUPPORT LEVEL : 157.940 ,156.534
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The market is waiting—you can make money, and you should.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.