EURJPY short growth and new fall
The price rose strongly in November.
Broke two lines of support - 124.665 and 125.690.
Then she rolled back to the last one.
Throughout December, the price continued to move flat along the line.
However, last week it bounced off the 125.894 support and started to rise.
First, the price will come to the resistance line 127.743.
This is a strong line since 2015 and has stopped growth.
After touching the resistance, the price will go through a correction and a pullback to the support zone (the intersection of two lines).
The target is 126.077.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Broke two lines of support - 124.665 and 125.690.
Then she rolled back to the last one.
Throughout December, the price continued to move flat along the line.
However, last week it bounced off the 125.894 support and started to rise.
First, the price will come to the resistance line 127.743.
This is a strong line since 2015 and has stopped growth.
After touching the resistance, the price will go through a correction and a pullback to the support zone (the intersection of two lines).
The target is 126.077.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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