Lingrid

EURJPY touched RESISTANCE zone and FALL

Short
FOREXCOM:EURJPY   Euro / Japanese Yen
Since September last year, the price has shown a very uneven movement, with strong periods of growth and sharp falls. Only at the beginning of December last year, after the price broke through the 124.92 support line and came to the 126.66 resistance line, the pair's movement became relatively even.

Over the past months, the price has been moving between these support and resistance lines, also forming a support-resistance zone between them around 126. 05 .

In early January, the price collapsed from the resistance line 127. 05 , broke through the zone and came
and to line 125.11. She pushed off the line, touched the zone and fell again. Now this movement was repeated. The price has risen again from the line to the zone and is in the area of ​​126. 05 .

The first thing I expect from the price is that it will fall back to the support line. Our final target is thus the support line at 125.39.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Contact for accurate private forex & crypto signals in Telegram @lingrid

Forex 💲
https://lingridedu.com/telegram

📱instagram: https://www.instagram.com/lingridsignals
💻YouTube: https://www.youtube.com/channel/UCYepXbjcDmPHzl07Y7DxiBg

Comments

Amazing analysis
Reply
??????
Reply
Looks like it’s about to back into a BUY. What you think?
Reply
Good job!
Reply
Lingrid Solldy
@Solldy, thank you
+1 Reply
Lingrid TradingAlchemist
@TradingAlchemist, 126.4 😉
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out