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Chfjpyshort

CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
Short
by olly48
Trade idea for CHF/JPYWhen we look at the chart we can see that the price has been testing the resistance area in the daily chart . We see that the price isn't able to go above it for now so we could risk the trade. The risk reward is very good but I think that this is a trade that will take a while to hit the tp. When the tp1 is hit you should move the stop loss to break even level. Please let me know in the comments what you think of it and share your idea for this pair also. If you like the idea, don't forget to give it a like then.
Short
by MaBaCapital2
1
CHFJPY - Rejected at 118, 10 times since 2018As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region. This could be a +3.2R trade, but it requires some patience to see it through this low volatility holiday period. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
2
Short Opportunity For CHFJPY!!! Retest Candle...As we can see, 117.62 price level has been a strong resistance line for CHFJPY with 116.55 price level resistance level being a weaker resistance. We managed to see several breakout of 116.55 resistance level which eventually tested 117.62 price level where there are several rejections off that level. As of now, what we managed to see is a rejection off that resistance line moving back 116.55 price level. Today's candle was more of a retest candle which retested the resistance zone (red area) before further bearish continuation. For now, I will be seeing a potential short opportunity to the support zone (green area). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
3