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Swiss Franc / Japanese Yen
Short

CHFJPY Approaching Resistance, Potential Reversal

By ICmarkets
Broker
CHFJPY is approaching its resistance at 111.32 (76.4% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 109.45 (38.2% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
audCADChart PatternschfCHFJPYEURGBPHarmonic PatternsjpyNZDTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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