USDJPY ( INSIDE ACCUMULATION ZONE ) - 4H
Updated
USDJPY - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 145.490 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 145.490 turning level , it is likely to move upward toward the resistance levels of 147.677 and then 150.861.
Downward Condition : To reach the 144.073 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 145.490. If it stabilizes below support level (1) , a further decline toward the support level (2) at 142.268 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 147.677 .
RESISTANCE LEVEL (2) : 150.861 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 144.073 .
SUPPORT LEVEL (2) : 142.268 .
TURNING LEVEL : 145.490 .
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 145.490 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 145.490 turning level , it is likely to move upward toward the resistance levels of 147.677 and then 150.861.
Downward Condition : To reach the 144.073 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 145.490. If it stabilizes below support level (1) , a further decline toward the support level (2) at 142.268 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 147.677 .
RESISTANCE LEVEL (2) : 150.861 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 144.073 .
SUPPORT LEVEL (2) : 142.268 .
TURNING LEVEL : 145.490 .
Trade active
decline as mentioned + 290pip .
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