GBPJPY ( UNDER BEARISH PRESSURE ) ( 4H )

Jun 28

GBPJPY

HELLO TRADERS

• Tendency the price attempt to closer a support trendline , indicating the price is under bearish pressure
  
  
• TURNING LEVEL : a blue line a round 203.329 , which indicates two cases , the first cases until the price breaking 203.329 ,reach a resistance level , the second case the price trade below 203.329 ,the price reach support level
  
  
• RESISTANCE LEVEL : a blue line inside gold rectangular , an area above the turning level , if the price breaking turning level at 203.329 , create a new resistance level
  
  
• SUPPORT LEVEL : a blue line , an area below turning level , the gold price for the support level 201.258 , buying have already increase at this level
  
  
• PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 203.329 , it will attempt to reach support level at 202.044 and 201.258 , if the breaking this level the price trying to reach new resistance level at 204.312 and 205.067
  

TARGET LEVEL :

• RESISTANCE LEVEL : 204.312 , 205.067
  
• SUPPORT LEVEL : 202.044 , 201.258