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CHFJPY approaching support, potential bounce!

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
Tickmill Broker  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CHFJPY chf jpy chfjpylong chfjpyshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern chfjpy chf jpy chfjpylong chfjpyshort forex forextrading forexsignal
CHFJPY is approaching our first support at 109.34 (Horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 109.73 (Horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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