GBPJPY touch SUPPORT zone and GROW

The currency pair continues to move between the resistance zone and the support zone , which started back in December last year.

Let me remind you that at the end of December the price broke through the support level of 139.87 and rose to the intersection of the resistance lines. One of the lines was formed in 2020, the second is much stronger in 2018. Over the past two weeks, the price has already touched resistance twice and twice returned to support.

The last touch of the 2018 resistance line happened the other day, the price came to the point 141.28 and reversed in the fall. I expect the price to return to the support zone at 139.87 in the near future. After which it will push off and begin to grow.

Thus, the final target I expect is the resistance line at 141.24.

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