⚠️EURJPY falling in a growing channel
As I said in my previous forecast, the breakdown of the resistance line turned out to be false.
I expect the price to fall after a false breakout for the following reasons:
1 - strong resistance line 131.63 - trend line of the rising channel from August 2019.
2 - every touch of this line (except for the last one) led to a fall in the price.
3 - the last breakout attempt has obviously turned out to be false.
The target is 128.16.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
I expect the price to fall after a false breakout for the following reasons:
1 - strong resistance line 131.63 - trend line of the rising channel from August 2019.
2 - every touch of this line (except for the last one) led to a fall in the price.
3 - the last breakout attempt has obviously turned out to be false.
The target is 128.16.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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