DeGRAM

EURJPY near strong resistance - fall

FOREXCOM:EURJPY   유로 / 일본 엔
In early December, during a strong growth, the price broke through the support line 125.337 and continued to grow.
I expect it to complete its rally when it touches the resistance level.
This is a historically strong level.
The price moves along it, sometimes above the rounder, using it as a support, then below the level - as recently.
If you draw a line between all the price highs since 2007, it becomes clear that the price is in a global downtrend.
And right now the trend line is crossing the level line.
I doubt that the price will be able to break through such resistance.
I expect it to first touch the resistance zone 126.852.
And then it will fall to the support line 125.474.

------------------------
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
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.