CHF/JPY POSSIBLE 100 PIP MOVEMENT AHEAD

٣ نوفمبر ٢٠٢٠

CHF/JPY bounced off the lower trendline of the wedge, starting a short-term bullish move of an expected 100 pips.

Consider exiting your position around the red area of support. Chances are that CHF/JPY will reverse and follow the multi month wedge. In case it surpasses the uppr resistance line, watch out for the blue dotted line as it functions as a strong short term resistance.