GBPJPY continues falling from resistance zone
Both of my predictions came true.
First, the price, after breaking through the resistance line, rolled back to its previous positions and touched the resistance again.
Then it started to move in a downward trend from the resistance zone (139.659) to the support line.
Right now, the price continues to fall towards the support line.
I expect the decline to be steady without strong corrections.
As the price falls from a strong resistance zone formed by two lines - 2019.
Plus, recently the price made a breakout and correction, fixed on the line - usually, such fluctuations precede a uniform movement and exit into a trend. In our case - downward.
I expect the price to come to the support line. Target - 135.889
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
First, the price, after breaking through the resistance line, rolled back to its previous positions and touched the resistance again.
Then it started to move in a downward trend from the resistance zone (139.659) to the support line.
Right now, the price continues to fall towards the support line.
I expect the decline to be steady without strong corrections.
As the price falls from a strong resistance zone formed by two lines - 2019.
Plus, recently the price made a breakout and correction, fixed on the line - usually, such fluctuations precede a uniform movement and exit into a trend. In our case - downward.
I expect the price to come to the support line. Target - 135.889
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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