GBPJPY fix on resistance zone / Next - fall.
At the end of October, the price received an impulse from the support zone (two lines) 134.452
It rose, broke through the resistance line.
Then she came back and fixed on this line.
As I said in my previous forecast, the price came to a strong resistance zone and tried to break it.
Thus, the first part of the previous forecast has passed, but has not yet completed the movement.
I'm waiting for the continuation.
The zone is strong - it is formed by two resistance lines. One - October 2019.
The second - August of the same year.
Therefore, I believe that the breakout was false.
Moreover, the price has already returned to the limits of the zone and fixed on the nearest resistance line
Now I expect it to touch it again at the point - 139.888, after which it starts to fall.
Target - support line 136.191.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
It rose, broke through the resistance line.
Then she came back and fixed on this line.
As I said in my previous forecast, the price came to a strong resistance zone and tried to break it.
Thus, the first part of the previous forecast has passed, but has not yet completed the movement.
I'm waiting for the continuation.
The zone is strong - it is formed by two resistance lines. One - October 2019.
The second - August of the same year.
Therefore, I believe that the breakout was false.
Moreover, the price has already returned to the limits of the zone and fixed on the nearest resistance line
Now I expect it to touch it again at the point - 139.888, after which it starts to fall.
Target - support line 136.191.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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