The price tried to break through the strong resistance level of 106.11 and hit the resistance zone in the same position. However, immediately after a small false breakout, it touched the resistance line of the ascending channel.
This channel has existed since December 2020. After touching the resistance zone, the price reversed in the fall. Now we see that the price began to work out the correction. However, I expect that the price will first fall to the support line of 104.95 before rallying towards the resistance level. After that, it will push off and grow to the resistance level of 106.00. This is our goal.
#USDJPY
This channel has existed since December 2020. After touching the resistance zone, the price reversed in the fall. Now we see that the price began to work out the correction. However, I expect that the price will first fall to the support line of 104.95 before rallying towards the resistance level. After that, it will push off and grow to the resistance level of 106.00. This is our goal.
#USDJPY