CHFJPY approaching resistance, potential drop!
CHFJPY is approaching our first resistance at 110.86 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 108.44 (horizontal swing low support, 50% Fibonacci retracement).
RSI (88) is also seeing a bearish exit where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (88) is also seeing a bearish exit where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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