From our analysis, It seems the 4-hour chart of CHF/JPY has formed a bullish reversal pattern,the double top.
It has also given confirmation by breaking the support level at 110.776.
Also in the weekly chart,the pair has formed a gravestone doji candlestick which also indicates bears are taking firm control.
We expect the selling pressure to intensify from here and expect the price to move towards the support zone of 109.700.
It has also given confirmation by breaking the support level at 110.776.
Also in the weekly chart,the pair has formed a gravestone doji candlestick which also indicates bears are taking firm control.
We expect the selling pressure to intensify from here and expect the price to move towards the support zone of 109.700.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.