What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY reached buy target 118.00
2019-11-11 • Updated
- CHF/JPY reached buy target 118.00
- Next buy target - 120.00
CHF/JPY recently broke through the resistance area lying between the resistance level 118.00 (which was set as the buy target in our earlier forecast for this currency pair) and the 61.8% Fibonacci correction of the downward impulse from September. The breakout of this resistance level accelerated the active C-wave of the intermediate ABC correction (2) from February. CHF/JPY is expected to rise to the next buy target at the next resistance level 120.00 (target price for the completion of the active impulse wave 3).
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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.
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