What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY reversed from support area
2019-11-11 • Updated
- CHF/JPY reversed from support area
- Next buy target - 112.30
CHF/JPY recently reversed up from the support area lying between the pivotal support level 111.00, 50-day moving average and the upper trendline of the recently broke down channel from March (acting as support after it was broken). The upward reversal from this support area continues the active medium-term impulse wave (3). CHF/JPY is expected to rise further toward the next buy target at the next resistance level 112.30 (top of wave 4 from April).
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...