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CHFJPY on major support, prepare for a possible bounce!

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
Tickmill Broker  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CHFJPY chf jpy chfjpyshort chfjpylong chfjpy! chfjpybuy chfjpyanalysis forexsignals
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trendanalysis harmonicpatterns chartpattern chfjpy chf jpy chfjpyshort chfjpylong chfjpy! chfjpybuy chfjpyanalysis forexsignals
CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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