EURJPY falling from strong resistance
The price has been in an uptrend since 2019.
And at the beginning of December it approached the upper channel line (line of resistance) 126.722.
The price has been moving within this line for the last almost three weeks.
The movement is flat, without obvious breakouts of growth or decline.
The price touched the resistance line three times during that time.
Now she came to the line for the fourth time.
The price is at the resistance line 126.888.
And now I expect her to fall.
The basis for the fall is consolidation on strong resistance.
I expect the price to stop moving along the line and go down to the support zone.
The target is 125.131.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
And at the beginning of December it approached the upper channel line (line of resistance) 126.722.
The price has been moving within this line for the last almost three weeks.
The movement is flat, without obvious breakouts of growth or decline.
The price touched the resistance line three times during that time.
Now she came to the line for the fourth time.
The price is at the resistance line 126.888.
And now I expect her to fall.
The basis for the fall is consolidation on strong resistance.
I expect the price to stop moving along the line and go down to the support zone.
The target is 125.131.
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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