NZDJPY will return to support zone / Fall

3 ก.พ. 2021

During the growth, the price consistently broke through:
support line 72.51 and support line 73.55.
after that it continued to rise and came to the resistance at 75.74.
This is the second touch on the line in the last month.

This is a strong resistance line.
It was formed on the chart back in 2011.
The only breakdown occurred in May 2019.
Since then, every touch of the line has reversed the price.
After the price touched the strong resistance of 75.74, I expect a fall.
The price will collapse and return to the support area (line crossing).
The target is 73.19.


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