CHFJPY bounced perfectly to reach our resistance target yesterday. We now see another potential bounce coming above 110.07 support (Fibonacci retracement, Fibonacci extension, bullish divergence, horizontal swing low support) which could push prices up to 110.75 resistance (Fibonacci retracement, horizontal swing high resistance) once again. Stochastic (55,5,3) is seeing major support above 3.9% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signalling that a bounce could be impending.
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