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olly48

CHF/JPY Looking To Breakout Above Big Monthly Resistance

Long
Swiss Franc / Japanese Yen (FOREXCOM:CHFJPY)  
olly48  
FOREXCOM:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CHFJPY chfjpylong chfjpyanalysis chfjpybuy chfjpyforecast chfjpytrade chfjpysignal chfjpyidea chfjpylongsetup
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trendanalysis chartpattern indicator chfjpy chfjpylong chfjpyanalysis chfjpybuy chfjpyforecast chfjpytrade chfjpysignal chfjpyidea chfjpylongsetup
This is at a big monthly resistance level, it has rejected this level a number of times but I think it is likely to breakout above this soon as the price has been more stable than its previous attempts which were big spikes to this price. Price action is currently bullish as seen on MACD and EMA's, I want to see the breakout confirmed and then the support created before entering a long. After this a target of 121.950 can be set with SL below the support.
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