Analytics pair CHFJPY based on round levels, price channels and altered wave analysis.
Technical outlook CHFJPY 24.01.2020
The overall trend is up CHFJPY. CHFJPY pair is trading in the range presumably correction downward price channel. Thus the price is in the range of round important level of 113.00 and two moving (365 and 135). Stochastic Oscillator indicator shows oversold.
Trading solution CHFJPY:
Buy CHFJPY on the formation of the rising pattern 123, is strictly above the round secondary level 113.20.
Stop Loss - 112.70.
The goal - 114.20.
Upon reaching profit equal to the Stop order is recommended to transfer the stop to breakeven.
Analytics Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.