GBPJPY firs - fall, next - growth
After the price touched the resistance line 144.69 in February, it fell sharply.
Then it started to move in an uptrend.
The line of support that guides the trend is the line of March 2020.
During this time, the price has touched her four times. And each time it began to grow from this line.
The last time the price touched the line was in October at 134.63.
During the growth, it came to the resistance line 140.42.
This is a pretty strong line for May 2019.
The price bounced off it, but corrected almost immediately. Over the past week, the price has been moving along the line in a uniform flat movement.
In my opinion, after the next rollback, the price will touch the line again.
I expect the following price movement:
1. Fall to the support line 136.32.
2. Growth to resistance.
The goal is 140.25.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Then it started to move in an uptrend.
The line of support that guides the trend is the line of March 2020.
During this time, the price has touched her four times. And each time it began to grow from this line.
The last time the price touched the line was in October at 134.63.
During the growth, it came to the resistance line 140.42.
This is a pretty strong line for May 2019.
The price bounced off it, but corrected almost immediately. Over the past week, the price has been moving along the line in a uniform flat movement.
In my opinion, after the next rollback, the price will touch the line again.
I expect the following price movement:
1. Fall to the support line 136.32.
2. Growth to resistance.
The goal is 140.25.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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