USDJPY push and grow from support zone
In March 2020, the price began to move in an upward trend, forming a corresponding channel.
During this entire time, it moved between the channel lines with practically no breakouts.
But starting with the price lows, a support zone was formed.
And every time when the price got into this zone, it reversed and started to rise.
Recently, the price dropped back to the zone and touched its lower border 103.866.
Then she began to grow.
At the upper border of 104.232, it made a small rollback and fixed. After that, growth can be expected.
I expect the price to bounce off the support and rise to the resistance zone (crossing of two lines).
The target is 105.151.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
During this entire time, it moved between the channel lines with practically no breakouts.
But starting with the price lows, a support zone was formed.
And every time when the price got into this zone, it reversed and started to rise.
Recently, the price dropped back to the zone and touched its lower border 103.866.
Then she began to grow.
At the upper border of 104.232, it made a small rollback and fixed. After that, growth can be expected.
I expect the price to bounce off the support and rise to the resistance zone (crossing of two lines).
The target is 105.151.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.