• CHFJPY reversed from support level 116.3
• Likely to reach resistance level 117.0
CHFJPY today reversed up from the support level 116.3 (which has been steadily reversing the price from the end of December as can be seen below).
The support zone near the support level 116.3 was strengthened by the lower daily Bollinger Band and by the 5 Fibonacci correction of the upward impulse from November.
Given the clear uptrend – CHFJPY is likely to rise in the active impulse wave (iii) toward the next resistance level 117.00.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies