CHFJPY approaching resistance, potential drop!
CHFJPY is approaching our first resistance at 113.25 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 112.03 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also seeing a bearish divergence and approaching our resistance where a reaction below this level 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.
Stochastic (89,5,3) is also seeing a bearish divergence and approaching our resistance where a reaction below this level 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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