EURJPY fall after false breakout
After a strong growth last spring, the price came to the resistance level of 126.73.
This is a historically strong level.
Despite periodic breakdowns (occurring once every few years), it provides strong resistance.
After touching the support zone at 125.28 and two fixations on it, the price rose to the resistance level 126.73.
And made a false breakout.
I expect the price to fall from this level and return to support.
The target is 125.20.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is a historically strong level.
Despite periodic breakdowns (occurring once every few years), it provides strong resistance.
After touching the support zone at 125.28 and two fixations on it, the price rose to the resistance level 126.73.
And made a false breakout.
I expect the price to fall from this level and return to support.
The target is 125.20.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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