USDJPY falling in channel
The price continues to move in a falling channel.
This channel was formed in early October.
Then the price came to the resistance line 106.084.
And after that she began to fall.
All this time, the price adheres to the falling trend.
The only breakdowns (and both channel lines) happened during the US elections.
Otherwise, the price movement unfolds predictably between the two channel boundaries.
Recently the price touched the lower line of the 102.670 channel and started to rise.
I expect the price to move as follows.
The price will continue to rise and touch the resistance line (upper channel line) 103.866.
Then it will fall to the lower border, the support line.
Target - 102.356
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This channel was formed in early October.
Then the price came to the resistance line 106.084.
And after that she began to fall.
All this time, the price adheres to the falling trend.
The only breakdowns (and both channel lines) happened during the US elections.
Otherwise, the price movement unfolds predictably between the two channel boundaries.
Recently the price touched the lower line of the 102.670 channel and started to rise.
I expect the price to move as follows.
The price will continue to rise and touch the resistance line (upper channel line) 103.866.
Then it will fall to the lower border, the support line.
Target - 102.356
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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