CHF/JPY - Long Position

7 thg 4, 2022

Rising wedge formation. Currently it's in a nice parallel channel. We can expect it to go up till 133.240 because this was tested before and this maybe a good resistance. The sequence of higher highs and higher lows has not been broken convincingly. Expect consolidation/bullish-ness until it is rejected from 133.280. If it breaks out from there, then the next resistance is 134.995.