CHFJPY is in price action and it may reverse to bearish according to price action and candle setup. Because same price level has acted as a strong resistance earlier in November 14 as well. Please find the chart as below,
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CHFJPY is expected to breakout downside
Though Japan has had a difficult run this year, still it is considered as the one of the major currency over other currencies. It also pulled back nicely against most of it's pairs this year. As Swiss franc is expected to go further down and Yen is expected to appreciate further, it is highly possible to create a slow down trend. Please find my chart analysis,
Weekly chart:
- This chart shows the contraction in price movement of this pair since January which may result in breakout
- As last 3 mo…
Weekly chart:
- This chart shows the contraction in price movement of this pair since January which may result in breakout
- As last 3 mo…