DeGRAM

⚠️EURJPY falling in a growing channel

Kort
FOREXCOM:EURJPY   Euro/Japanska yen
As I said in my previous forecast, the breakdown of the resistance line turned out to be false.
I expect the price to fall after a false breakout for the following reasons:
1 - strong resistance line 131.63 - trend line of the rising channel from August 2019.
2 - every touch of this line (except for the last one) led to a fall in the price.
3 - the last breakout attempt has obviously turned out to be false.
The target is 128.16.

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