• Reversed from resistance level 134.60
• Likely to fall to support level 132.00
CHFJPY currency pair recently reversed down from the key round resistance level 134.60 (previous multi-month high from 2015) – standing near the upper daily and weekly Bollinger Bands.
The downward reversal from the resistance level 134.60 created the daily candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 134.60 and the clear bearish divergence on the daily Stochastic – CHFJPY can be expected to fall toward the next support level 132.00 (low of wave (ii)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies