CHFJPY Support buying at Wedge support

2 mai 2019

Looks like there is some support buying here at the current prices. When zooming out we are also in a support zone as well. The wedge in the middle also shows potential. The wedge of course is not great, since it moved back in slightly. But because of those yellow zones on the right, i think there is good potential for this one. So assuming this theory is real, we should not drop below that green in the middle

Previous analysis:

5 mai 2019

Note

Risk of going overnight at Friday, all the markets are moving very big, this one got dumped at opening. Already making a decent bounce again, so it could become a false move, meaning it could simply go up again. But for now, this one has failed.

We can see on the daily (left chart) the whole idea is still alive though.