CHFJPY: Classic Bullish Accumulation & Breakout 🇨🇭🇯🇵

Long

Swiss Franc / Japanese Yen (OANDA:CHFJPY)

Updated

OANDA:CHFJPY Swiss Franc / Japanese Yen

Triangle Supply and Demand Pivot Points CHFJPY forecast swissfranc chf trader Technical Analysis

triangle supplyanddemand pivotpoints chfjpy forecast swissfranc chf trader technicalanalysis

snapshot

From the end of November, CHFJPY was forming a classic bullish accumulation pattern:
the price was setting higher lows respecting the same highs and constituting a strong horizontal supply area.

During the NY session opening, the underlined blue resistance was finally broken.
Now I expect a bullish move to 124.45

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