CHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
Note
As I predicted, price has broken out to the upsideNote
Correction: By mistake I mentioned Lower Lows. What I meant was Higher Lows(HLs)
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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.