My dear followers, I analysed this chart on CHF/JPY, and concluded the following: The market is trading on 149.632 pivot level. Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 148.016 Recommended Stop Loss - 150.552
About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK