CHFJPY Long (Break Out)
CHF/JPY has broken a key level of resistance @ 112.100 as well as the 382 from the '18 High to Low.
We are currently holding above the 382 and @ 12.00GMT Friday printing a rejection bar to what is now support on the 112.100 level.
RSI is currently holding above 60
Kumo is showing a bias to a larger move to the upside
Just above we have the key weekly Resistance @113 Even.
Looking at an entry next week in anticipation of a break out IF we break and rally through the Hourly TL (Resistance) above.
Target 1 set at the 127 extension confluent with a 382 of the June '15/June '16 Swing.
We are currently holding above the 382 and @ 12.00GMT Friday printing a rejection bar to what is now support on the 112.100 level.
RSI is currently holding above 60
Kumo is showing a bias to a larger move to the upside
Just above we have the key weekly Resistance @113 Even.
Looking at an entry next week in anticipation of a break out IF we break and rally through the Hourly TL (Resistance) above.
Target 1 set at the 127 extension confluent with a 382 of the June '15/June '16 Swing.
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