DeGRAM

GBPJPY will fall from strong resistance

Short
FOREXCOM:GBPJPY   British Pound / Japanese Yen
In the first days of November, the price touched the intersection of the support lines 134.275. One of these lines is 2020, the second is 2019. Together they gave a strong impetus for growth.
Steady, uniform growth without sharp jumps continued throughout the month.
And now the price has almost come close to the resistance line.
This is the 2018 strong line of resistance.
Over the years, the price has made a couple of attempts to break it.
But all breakouts were false.
I expect the price to move in two stages.
First, it will complete the rally and touch the resistance line at 141.630.
Secondly, from this resistance line, it will fall to the support line. The target is 136.911.

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