EURJPY fall and return to support area
The price has been moving in a growing channel since 2019.
The last false breakout of the channel (support) line took place in November last year.
But the price quickly returned to the channel, breaking through the 124.37 support.
Since then, the price has been moving in the channel without breaking through its line.
At the end of February, it broke through the support zone at 127.58.
This zone formed at the price peaks in the middle of the channel.
In the process of growth from the support zone at 127.58, the price came to the resistance at 130.36.
I expect the price to fall from this resistance back to the support zone.
The target is 127.58.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The last false breakout of the channel (support) line took place in November last year.
But the price quickly returned to the channel, breaking through the 124.37 support.
Since then, the price has been moving in the channel without breaking through its line.
At the end of February, it broke through the support zone at 127.58.
This zone formed at the price peaks in the middle of the channel.
In the process of growth from the support zone at 127.58, the price came to the resistance at 130.36.
I expect the price to fall from this resistance back to the support zone.
The target is 127.58.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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