CHF/JPY Technical Analysis
Key Resistance in Focus
CHF/JPY is currently testing a strong resistance zone around 171.35, which has historically acted as a rejection area. A breakout above this level could signal further bullish momentum, while a rejection may lead to a pullback.
Support and Moving Averages
The support area around 168.75–168.50 aligns with the 50-period moving average, which has provided dynamic support. If price retraces, this zone could act as a potential rebound point.
Potential Scenarios
- Bullish Breakout: A clear break and close above 171.35 could drive prices towards 172.50 and beyond.
- Bearish Reversal: A rejection at resistance may lead to a retest of 168.75, with further downside risk toward 168.00.
Market Outlook
Traders should monitor price action at resistance for confirmation of a breakout or rejection before entering trades. Stay cautious of volatility around key levels.
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Key Resistance in Focus
CHF/JPY is currently testing a strong resistance zone around 171.35, which has historically acted as a rejection area. A breakout above this level could signal further bullish momentum, while a rejection may lead to a pullback.
Support and Moving Averages
The support area around 168.75–168.50 aligns with the 50-period moving average, which has provided dynamic support. If price retraces, this zone could act as a potential rebound point.
Potential Scenarios
- Bullish Breakout: A clear break and close above 171.35 could drive prices towards 172.50 and beyond.
- Bearish Reversal: A rejection at resistance may lead to a retest of 168.75, with further downside risk toward 168.00.
Market Outlook
Traders should monitor price action at resistance for confirmation of a breakout or rejection before entering trades. Stay cautious of volatility around key levels.
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ملاحظة
120 pips+ achieved, re -entry was executed from 171.200 . أغلقت الصفقة: تم الوصول للهدف
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.