It is still under a big bullish trend (Uptrend channel)...
But for now, CHFJPY is having a retracement wave... it is expecting that its price might be retraced to around 120.800 (around FIBO 61.8; strongest level; plus onto the MA100 & MA200 line)...
Then after that will bounce back and continue its bullish trend...
TP1 (take profit) price can be set at 122.480; TP2 121.580; TP3 120.900...
*It is a personal sharing and analysis for reference purposes only, if you wish to follow the trend, self-risk management, thank you very much*
But for now, CHFJPY is having a retracement wave... it is expecting that its price might be retraced to around 120.800 (around FIBO 61.8; strongest level; plus onto the MA100 & MA200 line)...
Then after that will bounce back and continue its bullish trend...
TP1 (take profit) price can be set at 122.480; TP2 121.580; TP3 120.900...
*It is a personal sharing and analysis for reference purposes only, if you wish to follow the trend, self-risk management, thank you very much*