CHFJPY approaching support, potential bounce!
Price is approaching our first support at 111.97 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 113.05 (horizontal swing high resistance, 61.8% Fibonacci extension)
Stochastic (34,5,3) is also approaching its support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching its support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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