minfas

CHF/JPY - Long Position

Long
OANDA:CHFJPY   Franc suisse / Yen japonais
Rising wedge formation. Currently it's in a nice parallel channel. We can expect it to go up till 133.240 because this was tested before and this maybe a good resistance. The sequence of higher highs and higher lows has not been broken convincingly. Expect consolidation/bullish-ness until it is rejected from 133.280. If it breaks out from there, then the next resistance is 134.995.
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