CHFJPY rebounded from daily supply zone at level 111.50
Price broke uptrendline with strong bearish movement
Price is based below HVN at level 110.60 which indicates that pair is in distribution phase
MACD shows bearish momentum
It's expected to target first key level at 109.75 as a classic target of broken uptrendline
then continue going down towards demand zone at level 108.67
Price broke uptrendline with strong bearish movement
Price is based below HVN at level 110.60 which indicates that pair is in distribution phase
MACD shows bearish momentum
It's expected to target first key level at 109.75 as a classic target of broken uptrendline
then continue going down towards demand zone at level 108.67
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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.