USDJPY come back to support
Since April last year, the price has been in a downtrend.
After the price touched the 102.906 support line, it rallied strongly.
During the growth, the price was able to break through the support line.
This is a strong line of support.
It has existed since April 2020.
During all this time, there was a breakdown of the line. It happened last week at 104.186.
After the breakout, the price rose to the resistance zone.
The first contact with the zone occurred in July 2020. I expect the price to fall.
It will return to strong support.
The target is 103.895.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
After the price touched the 102.906 support line, it rallied strongly.
During the growth, the price was able to break through the support line.
This is a strong line of support.
It has existed since April 2020.
During all this time, there was a breakdown of the line. It happened last week at 104.186.
After the breakout, the price rose to the resistance zone.
The first contact with the zone occurred in July 2020. I expect the price to fall.
It will return to strong support.
The target is 103.895.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.