- March 22, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The CHFJPY pair almost made contact 2 days ago on the September 20 2021 Higher Lows trend-line and is so far seen rebounding. So far today this is contained on the 1D MA200 (orange trend-line). As long as Support 1 (140.200) holds, we are buying targeting just below Resistance 1 at 147.500. If the Higher Lows trend-line breaks, we will close in loss and go short instead, targeting the 0.5 Fibonacci level at 134.500.