CADJPY falling to support
The price is at the resistance line 81.97.
This line appeared in March after the price collapse (in February of this year, the price touched the resistance line at 84.68 and collapsed within two weeks).
Over the past six months, there have been only two breakouts of this line.
For the rest, it regularly reversed the price downward.
From this moment on, globally, the price is in an upward trend.
The last time the price touched the resistance line where it is now - at the beginning of November.
After that, she fell and was able to break through two lines of support.
This situation was repeated many times.
In my opinion, now the price will fall from the resistance line 81.97 to the support line.
The target is 80.76.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This line appeared in March after the price collapse (in February of this year, the price touched the resistance line at 84.68 and collapsed within two weeks).
Over the past six months, there have been only two breakouts of this line.
For the rest, it regularly reversed the price downward.
From this moment on, globally, the price is in an upward trend.
The last time the price touched the resistance line where it is now - at the beginning of November.
After that, she fell and was able to break through two lines of support.
This situation was repeated many times.
In my opinion, now the price will fall from the resistance line 81.97 to the support line.
The target is 80.76.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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