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: 'Harami' and 'Hammer' patterns
The last bullish 'Harami' and 'Hammer' patterns have been confirmed, so the price is rising. The main intraday target is the upper 'Window' (109.80). A pullback from this level could be a starting point for another decline.
There's a bullish 'Three Methods' pattern, which pushed the price higher. It's likely that after a short break, the market is going to reach the next resistance at 109.59.
Galya Svetlova
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