CHFJPY approaching support, potential bounce!

2018년 6월 15일

CHFJPY is approaching our first support at 110.75 (horizontal overalp support, 100% fibonacci extension, 50% fibonacci retracement, elliot wave structure). A strong bounce might occur above this level pushing price up to our major resistance at 111.62 (horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
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