Swiss Franc / Japanese YenUpdated CHF/JPY setup idea
Daily CHF/JPY analysis shows that bullish trend reached a zone of resistance and started oscillating round this zone. Furthermore, 4H analysis is showing price to be consolidating as well around this key level, and now following a bearish channel currently reaching the upper part of this channel. Volume and momentum seem to also be diminishing as price reaches channels resistance.
Breakout probabilities are still a factor to consider as the market has not shown any clear signal. Nevertheless is still quite a setup to keep an eye on.
Breakout probabilities are still a factor to consider as the market has not shown any clear signal. Nevertheless is still quite a setup to keep an eye on.
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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.