From a technical and trading perspective, CHFJPY has tested symmetry swing support sited at 110.95 this area attracted significant buying interest, resulting in a key outside reversal candle being printed as of last night's New York close. This pattern encourages a bullish posture, as price pierces 112 in a sustained fashion bulls will look to challenge offers and stops above 112.55, a close above this level would further support the bullish thesis creating an equidistant swing objective sited at 114.40
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.