CADJPY fall to support
The price has been moving in an upward trend since June 2020.
At that time, a resistance line began to form - the direction of the trend.
During the growth, the price was able to break through the strong support line (earlier - resistance).
The price broke it at point 81.96.
This line was formed in 2018.
Apart from a few small breakouts, it held back the price growth.
After breaking through the strong support line, the price tried to collapse several times.
But each time it returned to the resistance trend line.
Now the price is at the resistance 82.38 (line of the growing trend).
I expect the price to collapse from this line.
She will drop to support.
The target is 81.77.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
At that time, a resistance line began to form - the direction of the trend.
During the growth, the price was able to break through the strong support line (earlier - resistance).
The price broke it at point 81.96.
This line was formed in 2018.
Apart from a few small breakouts, it held back the price growth.
After breaking through the strong support line, the price tried to collapse several times.
But each time it returned to the resistance trend line.
Now the price is at the resistance 82.38 (line of the growing trend).
I expect the price to collapse from this line.
She will drop to support.
The target is 81.77.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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