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DeGRAM
Jan 19, 2021 9:09 AM

CADJPY fall in two steps  Short

Canadian Dollar / Japanese YenFOREX.com

Description

The price has recently dropped from the resistance at 82.20.
During the fall, she broke through the support level.
But then it corrected and returned to the 81.60 level.
Now the price starts to rise towards the resistance zone.

This strong zone is formed by the 2018 resistance line.
+ resistance line of summer 2020.
The price started to rise from support level 81.60.
I expect the price to collapse after reaching the resistance zone 82.28.
It will break through the strong 81.60 level and come to support.
The target is 80.95.

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Comments
GINO2020
Great Analysis
Lingrid
nice view
DeGRAM
@Lingrid, Thank you a lot
TradingAlchemist
you are my favorite trader. friend
DeGRAM
@TradingAlchemist, Thank you a lot
Solldy
A some of days ago, the price was unable to DOWN the support line!
DeGRAM
@Solldy, Right
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