• CHFJPY reversed from support level 116.10
• Likely to rise to 117.75
CHFJPY recently reversed up sharply from the key support level 116.10 (former monthly high from November) – standing near the lower daily Bollinger Band and the 38.2 Fibonacci correction of the previous upward impulse wave (i).
The upward reversal from the support level 116.10 started the active short-term impulse wave (iii) – which belongs to waves 3 and (3) – from November and September respectively.
Given the clear CHF bullishness seen today – CHFJPY is expected to rise further toward the next resistance level 117.75 (top of the previous impulse waves 5 and (i)).
Bitcoin: ⬆️ Buy - Bitcoin broke resistance area - Likely to rise to resistance level…
NZDJPY: ⬇️ Sell - NZDJPY reversed down from the resistance area - Likely to fall…
Leverage is a mechanism that lets traders control larger positions using smaller capital. By choosing…
US GDP growth is driven not by the White House, but by AI. The Bank…
The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…
Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…
This website uses cookies