NZDJPY fall after strong growth
The price has risen strongly over the past few trading days.
The jump was strong but now it stopped at the resistance line.
Touching this line from June 2020 led to a drop in prices.
Plus - after strong growth, it no longer has the resource to break through.
The lines of support and resistance here almost form a channel, but still they are not quite parallel. However, after the strong growth, I expect the price to fall just as much.
Target - the price will fall to the support line.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The jump was strong but now it stopped at the resistance line.
Touching this line from June 2020 led to a drop in prices.
Plus - after strong growth, it no longer has the resource to break through.
The lines of support and resistance here almost form a channel, but still they are not quite parallel. However, after the strong growth, I expect the price to fall just as much.
Target - the price will fall to the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
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