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CHFJPY on major support, prepare for a possible bounce!

Panjang
Franc Swiss / Yen Jepun (FX:CHFJPY)  
Tickmill Broker  
FX:CHFJPY   Franc Swiss / Yen Jepun
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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Losses can exceed the initial investment so please ensure you fully understand the risks.
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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