Hi traders,
CHFJPY has reached our major resistance and we could see it go bullish in the begining of next week. I anticipate a rejection in the next three weeks/ or sooner to bring the currency pair back to our key level. I usually take a trade when I hve at least 3 confirmations however, the CHFJPY pair is currently oversold as indicated in an orange circle on the RSI. This analysis was done on the weekly timeframe and thus I will be holding this for at least 3 - 4 months.
What are your views on this currency pair? Do you believe that it will break through our resistance?
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
CHFJPY has reached our major resistance and we could see it go bullish in the begining of next week. I anticipate a rejection in the next three weeks/ or sooner to bring the currency pair back to our key level. I usually take a trade when I hve at least 3 confirmations however, the CHFJPY pair is currently oversold as indicated in an orange circle on the RSI. This analysis was done on the weekly timeframe and thus I will be holding this for at least 3 - 4 months.
What are your views on this currency pair? Do you believe that it will break through our resistance?
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.