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CHFJPY Wave Analysis 31 March, 2021

CHFJPY Wave Analysis 31 March, 2021

• CHFJPY broke resistance area

• Likely to reach resistance level 118.00

CHFJPY recently broke the resistance area lying between the resistance level 117.00 (previous upward target) and the 50% Fibonacci correction of the downward impulse c from the middle of March.

The breakout of this resistance area accelerated the active impulse wave 3 of the extended upward impulse sequence (3) from last September.

CHFJPY is likely to rise further toward the next resistance level 118.00 (which stopped the previous minor correction (b)).

CHFJPY Wave Analysis 31 March, 2021


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