InvestMate|EUR/JPY Change of plans💶💴

💶💴EUR/JPY Change of plans

💶💴The market behaved exactly as I wrote in the previous post:

💶💴As you can see on the chart we have bounced off a strong support zone defined by a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom.

💶💴And currently after the last few days I don't see how after such a strong move there is any talk of going lower in the next few weeks.

💶💴Ahead of us at the new peaks is a strong resistance zone defined on the basis of 3 levels. The first is the level of the last peak of 2014. The second is the outer fibo level of 1.618 of the entire downward wave from the 2018 peak to the 2020 bottom. The third level is 0.236 of the entire upward wave from the 2000 bottom to the 2008 peak.

💶💴The scenario that I am playing out is a continuation of the increases until new peaks are made. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💶💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀