Hello traders,
In this idea you can see that the CHFJPY price on the 4H chart (4 Hours per candle) is crossing the resistance line after reaching a low level. The low level has been set at around 117.542 Level. As for the new the price broke a resistance level it is possible that the price will continue to rise.
What do we see (?)
- An increase of 0.65% since the previous low.
- Break of the resistance level around: 118.055
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
In this idea you can see that the CHFJPY price on the 4H chart (4 Hours per candle) is crossing the resistance line after reaching a low level. The low level has been set at around 117.542 Level. As for the new the price broke a resistance level it is possible that the price will continue to rise.
What do we see (?)
- An increase of 0.65% since the previous low.
- Break of the resistance level around: 118.055
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
