JPY/CHF ANALYSIS

13 Des 2019

Hi traders :) I'm Guario and this is a forecast about JPY/CHF possible future price action. As we can see from the chart the pair has made (in a period going from September to October 2019) a double top formation along with a visible MACD divergence. This formation caused a strong bearish trend (look at the bearish trendline). The pair has also bounced off the 50 period MA and ultimately the volumetric level of 0.0091 which can both be interpreted as bearish signal. I suggest to wait the price to bounce off the trendline before opening any short position. Look at the chart for possible stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)