FxPro - Analytics

FxPro

711.25 6.25/10
89% of positive reviews
Real

CHFJPY Wave Analysis – 10 April, 2019

CHFJPY Wave Analysis – 10 April, 2019
  • CHFJPY reversed from resistance level 111.80
  • Further gains are likely

CHFJPY recently reversed down from the key resistance level 111.80 (former strong support from October, which has been steadily reversing the price from the end of February).

The downward reversal from the resistance level 111.80 started the active short-term impulse wave 3 – which belongs to the medium-term impulse wave (3).

CHFJPY is expected to fall further and re-test the next support level 110.00 (monthly low from March).

1554912364

Source: FxPro


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree