CHF/JPY Bounced Off Support, Prepare For Further Growth
December 21, 2018 6:23 am
The CHF/JPY pair bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
CHF/JPY bounced off its support where we expect to see further growth.
Buy above 112.32. Stop loss at 111.69. Take profit at 113.25.
The material has been provided by InstaForex Company – www.instaforex.com
The CHF/JPY pair bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
CHF/JPY bounced off its support where we expect to see further growth.
Buy above 112.32. Stop loss at 111.69. Take profit at 113.25.
The material has been provided by InstaForex Company – www.instaforex.com
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