#USDJPY 20 04 2021
The price is at the support line, getting ready to make a correction to the fall and rise to the reversal. Let me remind you that during the growth in a downtrend, at the beginning of this year the price bounced off the support line 102.58. After that, it rose strongly and stopped only at the resistance zone of 110.69. At the point where the lines of 2015 and 2013 intersect. After touching this zone, the price dropped, but stopped at the 2017 support line 108.33. There is also a strong level of support. I continue to expect the price to bounce off this support and rise again to resistance. Thus, my final target is the resistance line 110.43.
The price is at the support line, getting ready to make a correction to the fall and rise to the reversal. Let me remind you that during the growth in a downtrend, at the beginning of this year the price bounced off the support line 102.58. After that, it rose strongly and stopped only at the resistance zone of 110.69. At the point where the lines of 2015 and 2013 intersect. After touching this zone, the price dropped, but stopped at the 2017 support line 108.33. There is also a strong level of support. I continue to expect the price to bounce off this support and rise again to resistance. Thus, my final target is the resistance line 110.43.
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