GBPJPY growth from strong support zone

27 thg 10, 2020

In my last forecast 2 weeks ago, I expected the price to rise, but having passed half of our target, the price "stuck" in its positions.

Therefore, we close the previous trade.
The price moves between two strong levels: support and resistance.

Recently, the eye touched the intersection of two resistance lines and is now showing a downward movement.
The price has already dropped below the resistance zone and I believe that it will continue to fall towards the support level.
There is a support line near this level. Therefore, I believe that after the fall, the price will bounce off the level and begin to grow.

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