Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 21 MA acted as resistance
The 21 Moving Average has acted as resistance, so the price is declining. The main bearish target is the lower "Window". If a pullback from this level happens, we could have an upward correction afterwards.
There's a bullish "Hammer", so there's an opportunity to have a local upward correction. Meanwhile, if a pullback from the Moving Averages happens little later on, bears will probably try to deliver a new local low.
Galya Svetlova
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Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
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