ICmarkets

CHFJPY Approaching Resistance, Potential Reversal

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY is approaching its resistance at 112.92 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it icould potentially reverse down to its support at 111.97 (horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal may occur.

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