"Traders Take Note! CHF/JPY Approaching Critical Levels"
CHF/JPY Technical Analysis
Key Resistance in Focus
CHF/JPY is currently testing a strong resistance zone around 171.35, which has historically acted as a rejection area. A breakout above this level could signal further bullish momentum, while a rejection may lead to a pullback.
Support and Moving Averages
The support area around 168.75–168.50 aligns with the 50-period moving average, which has provided dynamic support. If price retraces, this zone could act as a potential rebound point.
Potential Scenarios
- Bullish Breakout: A clear break and close above 171.35 could drive prices towards 172.50 and beyond.
- Bearish Reversal: A rejection at resistance may lead to a retest of 168.75, with further downside risk toward 168.00.
Market Outlook
Traders should monitor price action at resistance for confirmation of a breakout or rejection before entering trades. Stay cautious of volatility around key levels.
If you enjoy, press the like button.
Key Resistance in Focus
CHF/JPY is currently testing a strong resistance zone around 171.35, which has historically acted as a rejection area. A breakout above this level could signal further bullish momentum, while a rejection may lead to a pullback.
Support and Moving Averages
The support area around 168.75–168.50 aligns with the 50-period moving average, which has provided dynamic support. If price retraces, this zone could act as a potential rebound point.
Potential Scenarios
- Bullish Breakout: A clear break and close above 171.35 could drive prices towards 172.50 and beyond.
- Bearish Reversal: A rejection at resistance may lead to a retest of 168.75, with further downside risk toward 168.00.
Market Outlook
Traders should monitor price action at resistance for confirmation of a breakout or rejection before entering trades. Stay cautious of volatility around key levels.
If you enjoy, press the like button.
Dagangan aktif
Nota
Nota
120 pips+ achieved, re -entry was executed from 171.200 . Dagangan ditutup: sasaran tercapai
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.