#CADJPY 21 04 2021
And one more pair that perfectly fulfilled my previous prediction! Let me remind you that last week we talked about the fact that the price will reverse at the strong resistance zone 88.39, where the historically strong resistance level and the line of 2007 intersect. As we can see today, this is what happened. The price bounced off the resistance at 88.39 and came to the resistance line - and yesterday the support was at 86.47. And she was able to pierce it during the fall. This is a very strong line formed in January 2009. So its breakdown is an important signal for a fall. Therefore, I expect that after the first breakout the price will continue to fall and, as a result, will come to the support zone of 83.61. This will be our goal.
And one more pair that perfectly fulfilled my previous prediction! Let me remind you that last week we talked about the fact that the price will reverse at the strong resistance zone 88.39, where the historically strong resistance level and the line of 2007 intersect. As we can see today, this is what happened. The price bounced off the resistance at 88.39 and came to the resistance line - and yesterday the support was at 86.47. And she was able to pierce it during the fall. This is a very strong line formed in January 2009. So its breakdown is an important signal for a fall. Therefore, I expect that after the first breakout the price will continue to fall and, as a result, will come to the support zone of 83.61. This will be our goal.
