CHFJPY recently reversed up sharply from the support zone lying between the strong support level 107.0 (which was set as the likely downward target in our earlier report for this pair) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active short-term corrective wave (ii).
CHFJPY is expected to rise further and retest the next resistance level 109.00 (resistance trendline of the daily down channel from December).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
