Long

CHFJPY Testing the May's Higher Lows

The CHFJPY pair continues to be on a heavily bullish trend since the start of the year. The pull-back since the June 29 High, hit on Friday the Higher Lows trend-line (1) that started in May and is so far holding. As long as it does, the short-term trend is bullish towards the 2.5 Fibonacci extension and 146.000.

A break below the Higher Lows (1) should immediately aim the 1D MA50 (blue trend-line), which is the medium-term Support. Closing below that level, initiates a much needed correction to the 1D MA200 (orange trend-line), which is untouched since October 01 2021.

--------------------------------------------------------------------------------------------------------

Please like, subscribe and share your ideas and charts with the community!

--------------------------------------------------------------------------------------------------------

TradingShot

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

TradingShot

Also on: