DeGRAM

USDJPY changed channels/ Grow

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
The price broke through the support line 103.889 and left the falling channel.
In this channel, she moved since October last year.
However, in early January, the price touched the support line (the lower channel line) 102.554 and started to grow.
Now the price has broken through one more support line 104.064.
She came to the growing channel (starts in November 2020).
I expect that after the price has successively broken two lines, it will take advantage of 102.544 support and continue to rise.
The price will rise to the resistance line (the upper channel line).
The target is 105.062.

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