What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY reversed from resistance zone
2019-11-11 • Updated
- CHF/JPY reversed from resistance zone
- Next sell target - 110.50
CHF/JPY recently reversed down from the resistance zone lying between the broke the resistance level 112.00 (which reversed the price at the end of March, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from February. CHF/JPY is expected to fall further toward the next sell target at the next support level 110.50 (which reversed the previous impulse wave (1)).
Intraday and swing scenarios based on price action and volume profile.
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