– CHFJPY reversed from support level 169.65
– Likely to rise to resistance level 171.45
CHFJPY currency pair recently reversed up from the key support level 169.65 (lower boundary of the narrow sideways price range inside which the pair has been trading from the start of January).
The support level 169.65 was strengthened by the lower daily Bollinger Band.
Given the clear daily uptrend and the continued yen sales, CHFJPY currency pair can be expected to rise further to the next resistance level 171.45, upper border of this price range.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies