ForecastCity

Don't miss the great buy opportunity in CHFJPY

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). 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 55.

Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112. 40

SL= Break below S2

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