CAD/JPY reversed from resistance zone Next sell target - 84…
CHF/JPY broke powerful resistance level 115.15
- CHF/JPY broke powerful resistance level 115.15
- Next buy target - 118.00
CHF/JPY today broke above the powerful resistance level 115.15 (which has reversed numerous upward impulses from the middle of last December, as can be seen from the daily CHF/JPY chart below). The breakout of this resistance level accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (C) from the middle of April. CHF/JPY is expected to rise to the next buy target at the next resistance level 118.00. Strong support now stands at the aforementioned price level 115.15.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…