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CHFJPY Approaching Resistance, Potential Reversal!

Par ICmarkets
Courtier
CHFJPY is approaching its resistance at 109.26 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 108.29 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Courtier
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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