Lingrid

AUDJPY reversal in trend and start of a new FALL

Short
FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
March for the price began with a false breakdown of the resistance line at 83.83, then there was a strong price collapse, an attempt to break through the support line at 82.31. After that, the price finally returned to the uptrend, which has been adhered to since November 2020.

During the growth in this trend since the beginning of March, the price again reached the resistance line and touched it at 84.78. It is already clear that the price reversed from this line and showed a slight downward movement. And I expect it to continue to fall. So my final target is the 83.67 support line.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻