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CHFJPY: Buy this pullback on the 1D MA50.

Long
Franc suisse / Yen japonais (FX_IDC:CHFJPY)  
InvestingScope  
FX_IDC:CHFJPY   Franc suisse / Yen japonais
Trend Analysis Chart Patterns Technical Indicators CHFJPY swissfranc japaneseyen forextrading chfjpytrading currecypairs chf jpy
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trendanalysis chartpattern indicator chfjpy swissfranc japaneseyen forextrading chfjpytrading currecypairs chf jpy
CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of the Channel Up should be on the 2.618 Fibonacci level at 160.000.


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