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CHFJPY Sell

Short
Franc suisse / Yen japonais (FX:CHFJPY)  
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FX:CHFJPY   Franc suisse / Yen japonais
Trend Analysis Chart Patterns Technical Indicators CHFJPY short rsi_overbought bollingersband Fibonacci Retracement vf_investment
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trendanalysis chartpattern indicator chfjpy short rsi_overbought bollingersband fibonacciretracement vf_investment
The price has been rising, however the RSI is showing that CHFJPY is being overbought which would be an indicator for a bearish momentum. The price is also touching the upper level of the Bollinger band, which would also indicates bearish momentum. We are looking for a 50% Fibonacci retracement.

Target: 131.780
Entry: 135.235
S&L: 136.720
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