NZDJPY first - grow, next - fall

2021年1月27日

The price continues to rise in an upward trend.
It recently rallied from the 73.55 support area to resistance.

This is a strong resistance line.
It was formed in 2016.
The only major breakdown occurred in 2019.
After that, the line became resistance for the price.
Another resistance line is also nearby.
She is the youngest (formed in August 2020).
But it also keeps the price down.
I expect the price to touch the resistance at position 75.29 as it grows from the support.
Then it will fall to support again.
The target is 74.15.

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