g2-rockach

Resistance level being tested on W, D & 4hr charts.

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
1
CHF in an uptrend. Has been consolidating finding support. Large bullish engulfing candle all the way to the previous support, now resistance level. As the overall trend is up I will be possibly looking for a break and retest of this area using smaller time frame, possibly 4 hr chart. There is a good chance that this resistance area may well continue to keep price contained for now......we shall see!
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