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Chfjpyanalysis

CHFJPY Falling From Here...Currently, we are seeing a doji candle at the resistance level @116.55. I am expecting tomorrow's candle to be strong enough to engulf this doji candle brining CHFJPY towards the downside. As we can see 117.62 resistance level is still strong with price rejection at that level. This also formed a double top pattern giving us additional BEARISH signs. I have identified the demand zone where I potentially see price testing this zone. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
Short
by olly48
CHF/JPY could SHOOT UP soon!Hey tradomaniacs, looking at CHF/JPY we can see a retest of the previous falling-wedge which is likely to provide bullish confluence. The current price-zone is a nice spot to buy as bulls probably use the chance to buy the pullback of this breakout-scenario. Strong support (Look DAILY-CHART) plus previous diagonal resistance are giving us a nice entry. First rejections are the first evidence of a continuation. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
4
CHFJPY - Rejected at 118, 10 times since 2018As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region. This could be a +3.2R trade, but it requires some patience to see it through this low volatility holiday period. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
2