Lingrid

USDJPY STOP near strong RESISTANCE zone and FALL

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
At the end of February, the price of the pair bounced off the 104.91 support line and has not stopped growing since then. It grew for almost two weeks until it came to a strong resistance zone of 109.26, breaking even the support level of 108.36.

Two strong lines intersect in this area. The youngest is in 2020, the trend is and the oldest is educated back in 2015! The price has already reversed near this zone and started to fall, so I expect it to continue falling. The price will break the level 108.36 and fall to the support line 106.89. This will be our goal.

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

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.