CHFJPY: Bullish Reversal Confirmed?!
We have been keeping an eye on the 📉CHFJPY setup.
The price broke through both the neckline of a cup & handle pattern and a resistance line of a falling parallel channel on a 4-hour chart.
The broken horizontal support and trend line now form an expanding demand zone.
It is highly likely that the price will increase to at least the 173.00 resistance level.
The price broke through both the neckline of a cup & handle pattern and a resistance line of a falling parallel channel on a 4-hour chart.
The broken horizontal support and trend line now form an expanding demand zone.
It is highly likely that the price will increase to at least the 173.00 resistance level.
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