⚠️ CADJPY fall after consolidation
The price has been rising in the channel since June last year.
In February of this year, she pushed off the 81.31 support.
Then she broke through the local support 84.15.
And it was not fixed to her.
This is the September 2020 line.
After the breakdown of the 84.15 line, the price rose to the resistance (channel border) at 87.93.
Then it rolled back and consolidated at the 88.30 line.
I expect the price to collapse from this point.
She will drop to support.
The target is 85.42.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
In February of this year, she pushed off the 81.31 support.
Then she broke through the local support 84.15.
And it was not fixed to her.
This is the September 2020 line.
After the breakdown of the 84.15 line, the price rose to the resistance (channel border) at 87.93.
Then it rolled back and consolidated at the 88.30 line.
I expect the price to collapse from this point.
She will drop to support.
The target is 85.42.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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