CHFJPY on major support, prepare for a possible bounce!

٩ فبراير ٢٠١٨

CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce could occur.

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