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DeGRAM
Feb 4, 2021 10:08 AM

USDJPY come back to support  Short

U.S. Dollar / Japanese YenFOREX.com

Description

Since April last year, the price has been in a downtrend.
After the price touched the 102.906 support line, it rallied strongly.
During the growth, the price was able to break through the support line.

This is a strong line of support.
It has existed since April 2020.
During all this time, there was a breakdown of the line. It happened last week at 104.186.
After the breakout, the price rose to the resistance zone.
The first contact with the zone occurred in July 2020. I expect the price to fall.
It will return to strong support.
The target is 103.895.

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Thank you for your support!
Comments
ForecastCity_World
Clean and clear analysis
DeGRAM
@ForecastCity_World, Thank you bro
Poltavskij
Just a wonderful analysis!
DeGRAM
@Poltavskij, Thanks a lot
Lingrid
completion of the descending vector
DeGRAM
@Lingrid, Okey
lcuenca
That’s the way to go! You will do it!
DeGRAM
@lcuenca, Right
XMGAB
i really support this idea
DeGRAM
@XMGAB, You are welcome
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