CHFJPY: Bullish Setup Explained 🇨🇭🇯🇵

Long

Franc suisse / Yen japonais (OANDA:CHFJPY)

OANDA:CHFJPY Franc suisse / Yen japonais

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CHFJPY has recently broken a key daily supply area.
The broken structure turned into a demand zone.

Approaching that, the price formed a double bottom formation and broke its neckline then.
I opened a long position early in the morning on a retest.

Now a bullish continuation is expected to 142.7 / 143.05

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