Franc Swiss / Yen JepangPembelian
CHFJPY: Consolidation & Completed Indecision
The CHFJPY is currently confined to a tight range, bounded by two key horizontal levels. The price's response to these levels will determine the next move. Two possible scenarios:
Bullish Scenario: A break and close above 177.87 could spark a rally towards 179.00.
Bearish Scenario: A break and close below 175.83 may trigger a decline to 174.80.
Let's wait patiently for a breakout to occur, which will dictate the next price movement. Though I am bullish bias
Bullish Scenario: A break and close above 177.87 could spark a rally towards 179.00.
Bearish Scenario: A break and close below 175.83 may trigger a decline to 174.80.
Let's wait patiently for a breakout to occur, which will dictate the next price movement. Though I am bullish bias
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