EURJPY falling in channel

١٤ ديسمبر ٢٠٢٠

According to my past past forecasts, the price first rose to the resistance zone.

Then it touched resistance and was "stuck" on the line (line of the ascending channel). However, just like two predictions ago now, I still expect it to fall.
Such movement along the line only confirms this (the price has been consolidated)

There is a small support zone on the way of the price.
In my opinion, the price can break it during the fall.
But first it is adjusted to the boundaries of the zone (area 125.222).
After the correction, the price will fall to the support line (lower channel line).
The target is 122.738.

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