FX:CHFJPY   Swiss Franc / Japanese Yen
Currently the CHFJPY             is at 112.73.

CHFJPY             setting up for a nice 25-50 pips to the upside. Structure says, we'll be looking for the 4th wave completion to the top of the current channel. Once we break out of the current falling wedge , we will have 2 targets @113.05 and 113.25-40 level.

Next week, we'll be waiting for the move out of the CHF once they reach the 0.9000 psychological number.

Keep in mind we are still inside the current falling wedge ; but a good entry to the LONG side still exists. It appears they have found buyers at the 112.60 level.

A good potential entry would be: LONG @112.60-50 levels STOP @112.20 TARGETS @113.05 - 25

Next potential set of buyers likely will be at the 1.618 Fib extension @112.40- So we might still have some small room to the downside.

As always confirm your entries by going into your 60-min chart and 10-min --- look out for technical patterns that will confirm the move to the upside.

These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out