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CHFJPY Wave Analysis – 12 February 2025

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- CHFJPY reversed from the support area
- Likely to rise to the resistance level 170.00

CHFJPY currency pair recently reversed up from the support area located between the multi-month support level 166.70 (which has been reversing the price from last March) and the lower daily Bollinger Band.

The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Piercing Line.

Given the strength of the support level 166.70 and the oversold daily Stochastic, CHFJPY currency pair can be expected to rise to the next resistance level 170.00 (former support from last month).
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:
OscillatorsSupport and ResistanceTrend Analysis

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OscillatorsSupport and ResistanceTrend Analysis
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.