InvestingScope
Long

CHFJPY: Buy opportunity on Double Bottom.

OANDA:CHFJPY   Swiss Franc / Japanese Yen
The pair has been trading within a 1W descending channel for most of the year ( RSI = 40.168, MACD = -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500.





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