Analysis:
Strong upwards trend (bullish confluence factor)
Break and retest of previous area of resistance for support (bullish confluence factor)
50% fib retracement touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish...
Analysis:
Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to...
