What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY broke powerful resistance level 115.15
2019-11-11 • Updated
- CHF/JPY broke powerful resistance level 115.15
- Next buy target - 118.00
CHF/JPY today broke above the powerful resistance level 115.15 (which has reversed numerous upward impulses from the middle of last December, as can be seen from the daily CHF/JPY chart below). The breakout of this resistance level accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (C) from the middle of April. CHF/JPY is expected to rise to the next buy target at the next resistance level 118.00. Strong support now stands at the aforementioned price level 115.15.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...