EURJPY will start new growth
My predictions keep coming true
First, after a strong growth, the price touched the resistance line and fell.
Then a sell signal was triggered.
And it still continues to fall.
Since June 2020, the price has been moving in a descending channel, recently it was just at the resistance line (the upper channel line) and now, logically, it is dropping to the lower one.
However, it is now clear that there is another line of support on its way.
This line has also been in existence since June 2020.
This is one of the lines that has given impetus to recent growth.
Now I expect the price to continue to fall. But it will not fall to the channel line (support), but will stop at this support line (122.159).
And after that, it will start to grow and return to the resistance line (124.156).
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
First, after a strong growth, the price touched the resistance line and fell.
Then a sell signal was triggered.
And it still continues to fall.
Since June 2020, the price has been moving in a descending channel, recently it was just at the resistance line (the upper channel line) and now, logically, it is dropping to the lower one.
However, it is now clear that there is another line of support on its way.
This line has also been in existence since June 2020.
This is one of the lines that has given impetus to recent growth.
Now I expect the price to continue to fall. But it will not fall to the channel line (support), but will stop at this support line (122.159).
And after that, it will start to grow and return to the resistance line (124.156).
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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