U.S. Dollar / Japanese Yen
Short
Updated

USDJPY ( UNDER BEARESH PRESSURE ) ( 4H )

382
USDJPY

HELLO TRADERS
  • Tendency the price is under bearish pressure , after stabilizing below turning level at 161.524

  • TURNING LEVEL : a blue line between resistance and support level around 161.524 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level

  • NEW RESISTANCE LEVEL : there is a green line around 162.412 and 163.207 , if the price breaking turning level reach this target

  • SUPPORT LEVEL : there is a red line below turning level around 160.610 and 159.815 , indicates buying have already increase this level , so if the price breaking turning level reach this target

  • PRICE MOVEMENT : maybe first the price will trying to rising turning level around 161.524, after dropping to the support level at 160.610 , then stable below this level reach 159.815 ,
    if the price breaking turning level reach a new resistance level at 162.412 and 163.207

TARGET LEVEL :
  • RESISTANCE LEVEL : 162.412 , 163.207
  • SUPPORT LEVEL : 160.610 ,159.815
Note
snapshot
reach first target , still trade below turning level continue to the reach next support level , maybe price corrective turning level before dropping
Trade active
snapshot
the price stabilizing below turning level , in my opinion first corrective a turning level before dropping

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