EURJPY growth after break support line

4 нояб. 2020 г.

The price continues to form a movement, the SL of the previous deal was not reached - the price only broke through the resistance line and began to grow.
Therefore, for now, we save the deal.

The reason for the price growth is the support line (the price touched it at the beginning of the week).
We are looking at the chart on a daily chart and it is clear that the line has existed since July.
It will provide a rise in the price (especially since the price made a small breakdown of this line and rose above it again).
I expect the price to rise towards the resistance line.
This is the strong line of 2017.


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