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CHFJPY facing bullish pressure, potential for bounce!

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Franc Swiss / Yen Jepang (FX:CHFJPY)  
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FX:CHFJPY   Franc Swiss / Yen Jepang
Trend Analysis Harmonic Patterns Chart Patterns chf jpy chfjpylong
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trendanalysis harmonicpatterns chartpattern chf jpy chfjpylong
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which coincides with 50% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards 1st resistance which is in line with -27.2% FIbonacci retracement and 78.6% Fibonacci extension fibonacci confluence area. If prices fall through 1st support, prices might take support from 2nd support which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, giving a bullish pressure for prices.
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