0
0
August 19, 2020 at 03:41PM
• CHFJPY reversed from key resistance level 117.65
• Likely to fall to 115.60
CHFJPY recently reversed down from the key resistance level 117.65 (which stopped the sharp upward weekly correction (B) in the middle of 2018).
The resistance area near the resistance level 117.65 was strengthened by the upper weekly Bollinger Band.
Given the strongly overbought weekly Stochastic – CHFJPY is likely to fall further toward the next support level 115.60.
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/chfjpy-wave-analysis-19-august-2020-20200819/
Selected by fonecable.com
Search Web: CHFJPY Wave Analysis – 19 August, 2020
Recent Posts
- AUD/USD Rate Pullback to Adhere to RBA Interest Rate Decision
- NEWS: ForexLive Americas FX news wrap: Australian dollar crushed February 26, 2021 at 09:24PM
- King Dollar Surges, but Doubts Over Longevity Linger
- As King Dollar Surges on U.S. Yield Run, Experts Say Move Unlikely to Last
- NEWS: Late selling sends US equities into the red despite bond market reversal February 26, 2021 at 09:05PM
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating