CHFJPY Diamond top

FX:CHFJPY   Swiss Franc / Japanese Yen
We can see on this chart a diamond top formation (second if we look on the impulse of the rising trend) right at the resistance line. This is also accompanied by the negative divergence on the RSI . Breaking the diamond, would mean a fall of the CHF to the 81.352 level. From here it would be interesting to watch the price action, a continuation of the fall would mean a test of the 81.0 level.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.