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Swiss Franc / Japanese Yen
Short

CHFJPY: Waiting for Breakout

By VasilyTrader
snapshot

CHFJPY is currently trading within a wide horizontal trading range on daily.

For intraday trading opportunities, consider its boundaries as safe places to buy/sell.

To catch a new swing, though, we must wait for the breakout first.

In case of a daily violation of its resistance (daily candle close above), bullish continuation will be expected to 118.5

In case of a bearish breakout (daily candle close below its support), bearish wave will be expected and goal will be 115.3.

Wait for the decision of the market participants and then follow!

Chart PatternsCHFJPYCurrenciesjapaneseyenswingswingtradeswingtraderswingtradingTrend AnalysisWave Analysisyen
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