CHF/JPY Long-Term Trend: Bullish
Key Resistance Levels: 124.222, 124.497, 125.023
Key Support Levels: 123.533, 123.262, 122.837.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after posting a Wyckoff accumulation phase. The market is posting higher lows signaling that the a new trend to the upside is about to happen.
CHF/JPY Medium-Term Trend: Bullish
Buy Limit Order @ 123.527
TP 1 @ 124.163
TP 2 @ 124.497
Stop Loss @ 123.235
Trade Safely 🙂