CHFJPY is consolidating for three trading weeks.
The market is stuck within a narrow consolidation trading range.
122.14 - 122.45 is its support.
123.5 - 123.8 is its resistance.
To catch a bearish continuation,
wait for a bearish breakout of the underlined support.
Then short on a retest.
Your next goal will be 121.25 level
To catch a bullish move,
let the price break the underlined blue resistance.
Then consider a retest entry with 124.45 next goal.
What do you expect?
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
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.