CHFJPY testing resistance, potential drop!

23 янв. 2019 г.

CHFJPY is testing our first resistance at 110.02 (Horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 109.77 (Horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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