⚠️ EURJPY breakout and fall in the channel

2021年5月11日

The price continues to move at the resistance line 131.91.
I also expect to fall.
The main reasons for the fall are as follows:
1 - resistance at which the price will stand - the trend line of the ascending channel since August 2019.
2 - during all this time there was not a single serious channel breakdown.
3 - the previous breakout was false.
I expect the current attempt to be false as well.
The price will return to the channel and will fall if supported.
The target is 128.25.


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