- CHFJPY broke pivotal resistance level 192.00
- Likely to rise to resistance level 196.00
CHFJPY currency pair recently broke above the pivotal resistance level 192.00 (which stopped the previous impulse wave (1), as can be seen from the daily CHFJPY chart below).
The breakout of the resistance level 192.00 accelerated the active intermediate impulse wave (3) from the start of November.
Given the overriding daily uptrend, CHFJPY currency pair can be expected to rise to the next resistance level 196.00 (coinciding with the resistance trendlines of the two up channels from October and May).
- Likely to rise to resistance level 196.00
CHFJPY currency pair recently broke above the pivotal resistance level 192.00 (which stopped the previous impulse wave (1), as can be seen from the daily CHFJPY chart below).
The breakout of the resistance level 192.00 accelerated the active intermediate impulse wave (3) from the start of November.
Given the overriding daily uptrend, CHFJPY currency pair can be expected to rise to the next resistance level 196.00 (coinciding with the resistance trendlines of the two up channels from October and May).
By the FxPro Analyst Team
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Disclaimer
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.