CHF/JPY Technical analysis
The counter has formed a head and shoulder pattern in the 15-min chart.
It indicates a near-term bottoming out and signals a reversal.
Further, the MACD indicator has turned bullish as well.
Hence, we expect the pair to race higher from here.
It indicates a near-term bottoming out and signals a reversal.
Further, the MACD indicator has turned bullish as well.
Hence, we expect the pair to race higher from here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.