What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY reversed from resistance zone
2019-11-11 • Updated
- CHF/JPY reversed from resistance zone
- Next sell target - 113.00
CHF/JPY recently reversed down sharply from the resistance zone surrounding the key resistance level 115.00, which has been steadily reversing all upward impulse waves from last December, as can be seen from the daily CHF/JPY chart below. The resistance zone near the resistance level 115.00 was further strengthened by the upper daily Bollinger Band.
Given the clear triple bearish divergence on the daily Stochastic indicator, CHF/JPY is expected to fall to the next sell target at the next support level 113.00 (which reversed earlier correction (2)).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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