Isolating just the psychological levels on the screen gives a unique view of psychological support and resistance over long periods of time.
On the attached chart I have plotted the psychological levels that fall every 50 pips on the GBPJPY.
For example:
129.00
128.50
128.00
127.50
127.00
126.50
126.00
… and so on …

Give this a try. It is a simple technique that helps identify current and upcoming support and resistance levels.

Tyler Lund

PSYCH-LEVELS

3 thoughts on “PSYCHOLOGICAL LEVELS”

  1. Sarunas Gincas says:

    Wow, I have never thought about it. Thank you.

    1. Tyler Lund says:

      Yes, the psychological levels are very important. The big money is obviously using them because price respects these levels.

  2. Rana Haq says:

    Thank you…I did not notice them in GBP/JPY . Very clean chart.

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