The CHF/JPY 4H chart is trading at horizontal support (120.610), as well as at support from a previously broken descending trend-line. This coupled with an oversold stochastic reading, in an otherwise neutral market makes us interested buyers. We'd like to see the current candle close with some significant lower wick, which in turn should make us very bullish, aiming to move towards the 123.000 handle.
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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.