DeGRAM

GBPJPY falling after break resistance

Short
FOREXCOM:GBPJPY   British Pound / Japanese Yen
About my last three predictions that came true:
October - The price bounced off support zone and started to grow.
1 November - The price continue grow.
6 November - The price still keeps growing
At the beginning of the trading week, the price increased rapidly.
It broke through two resistance lines.
And now it is "stuck" above the last line, in the resistance zone.
One of these lines was formed in December 2019.
The second is even earlier (August 2019).
The fact that the price was able to beat them is a strong signal. But you need to look in the package:
- a sharp jump in price
- breakdown of a strong resistance zone
The price has no more room for growth.
I expect her to fall.
Target - support line.

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