EURJPY waiting for a fall from strong resistance

٢٤ ديسمبر ٢٠٢٠

The price continues to move cautiously according to my previous forecast.
The movement is accompanied by small corrections (but we did not expect a collapse).

For more than a year now, the price has been moving in an upward channel.
There were crashes, but the trend continues.
However, the price is now near a strong resistance zone. Here they intersect: the line of the rising channel of 2019, the resistance line of 2013 and the level.

Since the beginning of December, the price has been moving within this zone, but failed to break it.
I expect that the price will now collapse from the resistance zone to the support line. The target is 123.060.
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