Long

CHFJPY signaling a bullish extension

The CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target:

Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This gives a maximum upside at around +7.20% from the Higher Low. We set a target below it at 159.000.

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