EURJPY will return to support zone
The price is at the resistance 126.39.
This is a strong resistance line.
The first touch happened in January 2019.
In December 2020, the price broke through the line during the growth (around 125.93).
But I met additional resistance (strong level 126.73).
The price made a false breakout of the level and then collapsed.
A week ago, the price broke through the resistance at 126.31 during the fall.
Dropped to support area 125.29.
Then it rose again to resistance and fell again.
Now the outside price is at the resistance 126.39.
I expect that the movement will be repeated and it will fall to the support zone.
The target is 125.05.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is a strong resistance line.
The first touch happened in January 2019.
In December 2020, the price broke through the line during the growth (around 125.93).
But I met additional resistance (strong level 126.73).
The price made a false breakout of the level and then collapsed.
A week ago, the price broke through the resistance at 126.31 during the fall.
Dropped to support area 125.29.
Then it rose again to resistance and fell again.
Now the outside price is at the resistance 126.39.
I expect that the movement will be repeated and it will fall to the support zone.
The target is 125.05.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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