USDJPY ( DOWNWARD PRESSURE ) ( 4H )USDJPY
HELLO TRADERS
in the last chart the price reach first target , know trying to reach a turning level before dropping
Tendency the price is under bearish pressure , after stabilizing below turning level at 161.126
TURNING LEVEL : a blue line between resistance and support level around 161.126 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 161.840 , if the price breaking turning level reach this target , indicates selling have already increase this level
SUPPORT LEVEL : there is a red line below turning level around 159.814, indicates buying have already increase this level , so until the price trade below turning level reach this target
PRICE MOVEMENT : maybe first the price will trying to rising turning level around 161.126, after dropping to the support level at 159,814 , then stable below this level reach 158.755 ,
if the price breaking turning level reach a resistance level at 162.126 , breaking this level reach a new resistance level at 162.727
TARGET LEVEL :
RESISTANCE LEVEL : 161.840 , 162.727
SUPPORT LEVEL : 159.814,158.755
