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InvestingScope

CHFJPY: Buy opportunity on Double Bottom.

Long
Swiss Franc / Japanese Yen (OANDA:CHFJPY)  
InvestingScope  
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CHFJPY chf jpy swissfranc japaneseyen Forex Currencies currency pairs
12
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trendanalysis chartpattern indicator chfjpy chf jpy swissfranc japaneseyen forex currencies currency pairs
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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