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CHFJPY approaching support, potential bounce!

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
Tickmill Broker  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CHFJPY chf jpy chfjpylong chfjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern chfjpy chf jpy chfjpylong chfjpyshort forex forextrading forexsignals
CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 114.20 (horizontal pullback resistance).
Stochastic (55,5,3) is approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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