ForecastCity
Long

Don't miss the great buy opportunity in CHFJPY

FX:CHFJPY   Swiss Franc / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.87). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CHFJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.

Take Profits:
TP1= @ 108.55
TP2= @ 109.10
TP3= @ 109.75

SL= @ 107.50
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Thanks for sharing such a great buy opportunity in CHFJPY.
+2 Reply
@fxniki, You're welcome.
+1 Reply
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
+2 Reply
ForecastCity Alexander_007
@Alexander_007, thanks for sharing your point of view.
+1 Reply
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