CHFJPY heading towards strong resistance zone

2021年1月29日

Hello traders as we can see on weekly timeframe that CHFJPY showed very strong bullish movement in last couple hours and was able to break the 117.500 barrier. Price has reached 118.00 and the next step that we could probably see is a strong trend line of 2016 and additionally it is backed-up by 50% & 61% fib zone. I expect the price to go around 118.500 area or near 119.00. Once it reaches near our target we can monitor price on 1hr and 4hr for taking a trade. Keep an eye ;)

Traders if you liked this idea give it a like, share, comment and follow for more upcoming ideas.