USDJPY comes back in channel. Falls
The price continues to move in a falling channel.
The situation repeats the similar one that occurred in November 2020.
Then, after rising from the lower line of the 103.929 channel, the price made a false breakdown of the upper line at 105.345.
And after a false breakout, it fell again.
Now the price has bounced off the support 102.675 (at the beginning of last week).
During the growth, it broke through the resistance line (Upper channel line) 103.941.
The price returned to the channel, worked out the correction (breaking through the line again).
I expect that after that she will fall and come to support.
The target is 102.431.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The situation repeats the similar one that occurred in November 2020.
Then, after rising from the lower line of the 103.929 channel, the price made a false breakdown of the upper line at 105.345.
And after a false breakout, it fell again.
Now the price has bounced off the support 102.675 (at the beginning of last week).
During the growth, it broke through the resistance line (Upper channel line) 103.941.
The price returned to the channel, worked out the correction (breaking through the line again).
I expect that after that she will fall and come to support.
The target is 102.431.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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