USDJPY grow from support zone

25 thg 11, 2020

Since spring 2020, the price has been moving in a falling channel.
The main movement occurs between the lines of this channel with minimal breakouts.

Recently, the price has risen sharply, breaking the entire distance from the support line to the resistance line in one trade.
Then it began to fall (more evenly).
However, the price did not return to the support line as expected, but entered the support zone (104.459) in the middle of the channel.
The zone has existed since the end of July and has already been the basis for price increases several times.
And this time I expect that the price will not go down to the support line, but will start a new rise immediately from the zone.
Target - 105.187 - resistance zone at the intersection of two lines.

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