– CHFJPY reversed from resistance level 170.30
– Likely to fall to support level 167.40
CHFJPY currency pair recently reversed down from the key resistance level 170.30, which stopped the previous impulse wave (3) earlier this month.
The resistance level 170.30 was strengthened by the upper daily Bollinger Band.
Given the strength of the resistance level 170.30, bearish divergence on the daily Stochastic, CHFJPY currency pair can be expected to fall further to the next support level 167.40 (previous minor pivot support from the end of November)).
Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion.…
- Brent crude oil reversed from key support level 81.00 - Likely to test resistance…
- Silver broke multi-year resistance level 29.50 - Likely to reach resistance level 32.00 Silver…
The US dollar is not giving up without a fight, gaining for the second day…
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling…
Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers…
This website uses cookies