GBPJPY ( BELOW FVG ) (4H)

26 Jul

GBPJPY

HELLO TRADERS

• Tendency , the price inside two turning level around 199.493 & 197.879 .
  
  
• TURNING LEVEL (1) : the price of this level at 199.493 , so if the price breaking this level reach a resistance level (1) .
  
  
• TURNING LEVEL (2) : the price of this level at 197.879 , so if the price breaking this level reach a support level (1) .
  
  
• RESISTANCE LEVEL (1) : this level around 201.419 , for reach this resistance level the price need breaking a turning level (1) .
  
  
• RESISTANCE LEVEL (2) : around 203.814 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
  
  
• SUPPORT LEVEL (1) : this level around 195.223 , for reach this support level the price need breaking a turning level (2) .
  
  
• SUPPORT LEVEL (2) : support level at 191.917 , for reach this level will be breaking by open 4h candle below support level (1) .
  
  
• CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
  

TARGET LEVEL :

• RESISTANCE LEVEL : 201.419 , 203.814 .
  
• SUPPORT LEVEL : 195.223, 191.917.