CHF/JPY falling inside minor ABC correction 4

CHF/JPY falling inside minor ABC correction 4

2019-11-11 • Updated

  • CHF/JPY falling inside minor ABC correction 4
  • Next sell target - 114.70

CHF/JPY continues to fall inside the minor ABC correction 4 – which started earlier – when the pair reversed down from the resistance area lying between the resistance level 118.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from the middle of April. Having recently broken the support trendline of the aforementioned up channel - CHF/JPY can be expected to fall further to the next sell target at the next support level 114.70 (61.8% Fibonacci correction of the previous upward impulse from June).

Similar

USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Latest news

What To Trade On May 23 - 27?
What To Trade On May 23 - 27?

Last week blew traders' minds!  The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…

Can a recession be avoided? 
Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera