CHFJPY Approaching Support, Potential For A Bounce

CHFJPY is approaching its support at 116.86 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 117.55 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.8% where a corresponding bounce could occur.
audCADChart PatternschfCHFJPYEURGBPHarmonic PatternsjpyTrend AnalysisUSD

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.
Also on:

Disclaimer