CHF/JPY Long-Term Trend: Bullish
Key Resistance Levels: 168.224, 168.895, 169.982
Key Support Levels: 166.673, 166.564, 165.120
Daily Chart:
The price on the higher time frame has recently been in an uptrend and it has broken several resistance levels. The pair broke a major level of 162.457 and 166.673 which suggests further trend continuation.
CHF/JPY Medium-Term Trend: Bullish
4-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 162.117 and 164.010 and has sustained above that. As of now the pair has retested a volume area of 166.673 before continuing the momentum.
Signal Idea:
Buy Stop Order @ 167.367
TP @ 168.183
Stop Loss @ 166.552
Trade Safely 🙂