CHF/JPY reversed from combined support zone

CHF/JPY reversed from combined support zone

  • CHF/JPY reversed from combined support zone
  • Next buy target - 115.00

CHF/JPY recently reversed up strongly from the combined support zone located between the key support level 112.70 (which has been reversing the price from May), lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse from April. The upward reversal form this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the strength of the aforementioned support zone - CHF/JPY is expected to rise to next buy target at the next resistance level 115.00.

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

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.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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