EURJPY stop at RESISTANCE line and FALL

5 במרץ 2021Since 2019, the price of this currency pair has been following an upward trend, which is guided by two lines - support and resistance, formed in October 2019. However, in May 2020, another support line was formed at the highs of the trend breakouts.

Half a day the price bounced off it in January at the point 125.09, after which it broke through the senior support line and came to the resistance at 129.66. Now the price is in the process of completing the correction and I expect it to bounce off the resistance line and fall to the support line. So my final goal is 127.95.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻