forextamil

QA CHFJPY: FALLING WEDGE CONFIRMED-RESTRICT MOVES.

FX:CHFJPY   Swiss Franc / Japanese Yen
Hello partners,

A reversal from the support line of short-term yielded confirmation for falling wedge pattern; the pair CHFJPY may find it way hard unless surpass 111.70 resistance breakout benchmark. However, the breakout @111.70 will add extra nitro for more upward levels; In case the pair managed to sustain its advance past-112.60, the 113.0 and 113.25 are likely to show up in the chart.
Meantime, the 111.064 can offer an immediate rest point before it highlighting the bull zone. If a dip beneath the 110.60, the 110.25 horizontal-line and the recent low around 110.00 may entertain the sellers.

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