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CHF/JPY presently mark: 112.208
Forecast: Hold
H4 Key points:
Top Resistance: 115.284
1st Resistance: upper line of the channel
1st Support: LWMA
Floor: 111.500
LWMA: Bullish
StochF: Bearish
Price has been ranged as a snake in the descending channel. If breaks up the line of the channel then target is 114.500. For now is quite risky buy this pair following LWMA because price is touching the ceiling of the channel and this one has been quite resistive since middle of February. So wait until the right moment.
Forecast: Hold
H4 Key points:
Top Resistance: 115.284
1st Resistance: upper line of the channel
1st Support: LWMA
Floor: 111.500
LWMA: Bullish
StochF: Bearish
Price has been ranged as a snake in the descending channel. If breaks up the line of the channel then target is 114.500. For now is quite risky buy this pair following LWMA because price is touching the ceiling of the channel and this one has been quite resistive since middle of February. So wait until the right moment.
