Lingrid

USDJPY now - grow, after - FALLING

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
After touching the support line on November 6, the line rose rapidly to the resistance line, closing all positions in literally one movement.
And this means that my simple = early forecast came true.


Now we see that the price drop from the resistance line stopped at the small support line 103.754.
The price bounced off this line and grew, however, before reaching the resistance line, it dropped again a little, let's assume it corrected the growth.
Still, I expect the price to finish rising towards the resistance line and touch it to start at around 104.792.


This is a strong line that stops the price growth from June 2020.
After touching the resistance, the price will fall from to the same lower support line 103.389. This is our goal.

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

Great analysis @Lingrid
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Lingrid forexboat
@forexboat, 🤗
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Good idea, keep it up.
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Lingrid DeGRAM
@DeGRAM, thank you)
Reply
love way you opinion
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Lingrid TradingAlchemist
@TradingAlchemist, thanks so much)
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Well done! 👍🏻🦐👊🏻
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Lingrid plancton0618
@plancton0618, thanks)
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I think the price will still move down!📉
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Lingrid Solldy
@Solldy, 👌
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