CHFJPY is approaching our first support at 112.50 (horizontal pullback support, long term ascending support line, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.05 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (55,5,3) is seeing a bullish diveregence and we might see a corresponding rise in price should it bounce off this level.
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