CHF/JPY Potential Upward Movement

CHF/JPY Long-Term Trend: Bullish

Key Resistance Levels: 149.64, 150.54, 151.10

Key Support Levels: 148.23, 146.99, 146.12

Daily Chart:

The price on the higher time frame has been showing bullish signs. It broke a consolidation zone of 138.76 and 143.16 and sustained above that. The pair is now bouncing back after testing the support level of 145.88

CHF/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It has recently shown good momentum and broken a level of 146.99 The pair has sustained above that. It has now broken and retested another level of 148.23 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 148.77

TP 1 @ 149.49

TP 2 @ 150.93

Stop Loss @ 148.05

Trade Safely 🙂