Hoag
Long

CHFJPY Technical Analysis: Bullish Above 135

FX:CHFJPY   Swiss Franc/Japanese Yen
Talking Points:

  • CHFJPY Technical Strategy: Bullish
  • Support: 127.40, 124.58, 121.93
  • Resistance: 131.10, 134.27, 136.20

The CHFJPY             is trading in bullish channel and very well be in it's bullish momentum. Break of its support level of 127.40 will expose next support level at 124..58 Alternatively, move above the 131.10 will test next resistance zone at 134.27

Elliottwave perspective we are supporting bullish momentum for long term, and predicting that we are in third of third wave of wave C.

We were long from 129.09 level with having stop loss at 127.55 for targeting above 151.50. We will close our first half on 151.50 and leave other half for gain more profit. To receive instance trade update and analysis, please subscribe us on twitter handle @hoagtrading.
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