Chfjpy is breaking above the 3-week falling trendline
(linking 114.96/114.25) to signal triangle breakout. Bullish indicators support
further upside. Above 114.25 opens 114.96 next. An extension through 114.96
would complete a base over 113.05/113.00 and expose 116.86.
The support cluster including the 200 day MA (pink line),
the uptrend line (connecting 111.69/113.05) and 113.00/113.05 lows should hold
dips.
A decisive breakdown below 113.00/05 would negate the upside
and weaken towards 111.69.
CHFJPY daily chart
CHFJPY 240min chart
No comments:
Post a Comment