Lingrid

USDJPY returned to channel and continue to FALL

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
In October 2020, the price fell and, having bounced off the support line 103.22, began a new growth in the ascending channel. At the same time, the channel regularly broke through the support line, but invariably stopped at the resistance line. In February, the price returned to the channel after another breakout and has already managed to pass from one border to the other three times.

Now the price is at the resistance line 106.22, the other day it tried to make a false breakout, but now it returned to the pre-channel and began to fall. I expect the price to fall to the support line at 105. 38. This will be our target.

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

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