Technical Analysis for CHF/JPY
📊 Technical Analysis for CHF/JPY 🔥
🔴 Current Resistance:
The level 175.328 - 175.180 represents a key resistance zone, and the price is expected to pull back from this area.
🟢 Support Zone:
Strong support is located at 173.804.
This zone shows strong buyer activity, allowing the price to gain momentum for a potential upward move to break previous highs.
📈 Expected Upside Targets:
1️⃣ First Target:
The zone 177.569 - 177.792.
The price might reverse if it stabilizes below this resistance.
2️⃣ Second Target:
If the price breaks and holds above the first resistance, the next target will be the zone 180.261 - 180.523.
✨ Important Notes:
This analysis is for educational purposes only. 📚
🔴 Current Resistance:
The level 175.328 - 175.180 represents a key resistance zone, and the price is expected to pull back from this area.
🟢 Support Zone:
Strong support is located at 173.804.
This zone shows strong buyer activity, allowing the price to gain momentum for a potential upward move to break previous highs.
📈 Expected Upside Targets:
1️⃣ First Target:
The zone 177.569 - 177.792.
The price might reverse if it stabilizes below this resistance.
2️⃣ Second Target:
If the price breaks and holds above the first resistance, the next target will be the zone 180.261 - 180.523.
✨ Important Notes:
This analysis is for educational purposes only. 📚
Trade closed: stop reached
BY CHEEF
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.
BY CHEEF
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.