#EURJPY 21 04 2021
In February of this year, during the fall, the price came to the historically strong resistance level of 0.869. And she was able to pierce it. The last breakdown of this call took place in March 2020 during the price rise. After this important breakout, the price continued to fall and eventually came to a strong support zone at the point of intersection of the level, the support line of September 2020 and August 2017. The price bounced off the 0.848 support and was able to touch the 0.869 resistance level again, but failed to break it. It bounced back and dropped to support May 2020 - 0.859. And now I expect the price to bounce back and touch the level again. Thus, my final target is the resistance level of 0.869.
In February of this year, during the fall, the price came to the historically strong resistance level of 0.869. And she was able to pierce it. The last breakdown of this call took place in March 2020 during the price rise. After this important breakout, the price continued to fall and eventually came to a strong support zone at the point of intersection of the level, the support line of September 2020 and August 2017. The price bounced off the 0.848 support and was able to touch the 0.869 resistance level again, but failed to break it. It bounced back and dropped to support May 2020 - 0.859. And now I expect the price to bounce back and touch the level again. Thus, my final target is the resistance level of 0.869.