USDJPY growth from support zone
The price has been moving in a falling channel since spring 2020.
At the end of October, a support zone formed in the middle of this channel, which affects the price. During this period, the price broke through the zone only during the US elections.
Last week, the price dropped from the resistance line to the support zone, touched its lower border and began to grow again.
I expect that after such a movement, the price will not be able to break through the zone again.
It will grow up.
I expect the price to take advantage of the support and rise to the resistance zone (crossing the channel border and the resistance line in March 2020).
The target is 105.088.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
At the end of October, a support zone formed in the middle of this channel, which affects the price. During this period, the price broke through the zone only during the US elections.
Last week, the price dropped from the resistance line to the support zone, touched its lower border and began to grow again.
I expect that after such a movement, the price will not be able to break through the zone again.
It will grow up.
I expect the price to take advantage of the support and rise to the resistance zone (crossing the channel border and the resistance line in March 2020).
The target is 105.088.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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