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CHFJPY approaching support, potential bounce!

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
easyMarkets Broker  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CHFJPY chf jpy chfjpylong chfjpyshort Forex forextrading forexsignals
3
0
trendanalysis harmonicpatterns chartpattern chfjpy chf jpy chfjpylong chfjpyshort forex forextrading forexsignals
CHFJPY is approaching our first support at 111.94 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 113.42 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (34) is also approaching its support where we might see a corresponding rise in price should it bounce off this level.
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