• CHFJPY reversed from support zone
• Likely to rise to resistance level 122.50
CHFJPY currency pair recently reversed up from the support zone lying between the key support level 121.50 (former resistance from May) and the 38.2% Fibonacci correction of the upward impulse (1) from the start of May.
The upward reversal from this support zone stopped the previous short-term ABC correction (iv) from the end of last month.
Given the powerful uptrend – CHFJPY can then be expected to rise further toward the next resistance level 122.50 (top of the previous impulse wave (iii)).
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies
