traderpulse

CHF/JPY Wave analysis

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OANDA:CHFJPY   瑞郎/日元
The counter has completed a sequence of bull (5-wave) and bear (3-wave) cycle.
We expect the counter to start off its next bull cycle from here.
However, the theory validates itself only if the prices move above the critical resistance of 109, which is a good long-term trade.
For the short-term, traders can buy the asset if the price moves above 108.350.
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