DeGRAM

GBPJPY falling from resistance zone

Short
FX:GBPJPY   British Pound / Japanese Yen
The price is at the strong resistance zone 141.171.
The zone is formed by the intersection of two lines: one in 2018, the second in 2019.
At the same time, the chart shows that over the past year the price has already fallen off twice from the senior resistance line.
In February and September 2020.
The February collapse was the strongest.
The price stopped only at the support line 127.629.
Subsequently, this line became a guide for an upward trend.
This support line and resistance area are narrowing.
So now I expect that the price collapse will not be as strong as the last two times.
I expect that from the resistance zone 141.171 the price will fall to the support line.
The target is 136.957.

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