USDJPY ( UNDER BEARISH PRESSURE ) (4H)

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USDJPY

HELLO TRADERS

  • Tendency , the price is under bearish pressure , as long as trading below turning level .

  • TURNING LEVEL : the price of turning level around 154.740, so if the price breaking this level reach a first resistance level , as long as price trading below this level reach a first support level

  • RESISTANCE LEVEL (1) : this level around 157.875, for reach this resistance the price it will be breaking turning level .

  • RESISTANCE LEVEL (2) : around 159.868 , for reach this level it will be breaking by open 4h candle above resistance level (1)

  • SUPPORT LEVEL (1) : this level around 152.243 , for reach this support level the price need stabilizing below a turning level .

  • SUPPORT LEVEL (2) : support level at 150.193, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .

    CORRECTIVE : the price may be corrective turning level at 154.740, before drooping .

    TARGET LEVEL :
  • RESISTANCE LEVEL :157.875 , 159.868 .
  • SUPPORT LEVEL : 152.243 , 150.193 .

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