USDJPY 09 03 2021
USDJPY 09 03 2021
Throughout February, the price showed a strong uptrend. At the same time, in the last weeks of the month, it grew, practically without making a single correction. During this rise, the price managed to make an important breakdown of the strong support line at 106.62. This line was formed in 2015.
After the breakout, the price fixed on the line and then broke through the support level 108.37. Now I expect the price to touch the resistance line and then reverse and return to the 109.55 level. Thus, my ultimate target is the 108.37 support level
Throughout February, the price showed a strong uptrend. At the same time, in the last weeks of the month, it grew, practically without making a single correction. During this rise, the price managed to make an important breakdown of the strong support line at 106.62. This line was formed in 2015.
After the breakout, the price fixed on the line and then broke through the support level 108.37. Now I expect the price to touch the resistance line and then reverse and return to the 109.55 level. Thus, my ultimate target is the 108.37 support level
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