minfas

CHF/JPY - Long Position

Long
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Rising wedge formation. Currently it's in a nice parallel channel. We can expect it to go up till 133.240 because this was tested before and this maybe a good resistance. The sequence of higher highs and higher lows has not been broken convincingly. Expect consolidation/bullish-ness until it is rejected from 133.280. If it breaks out from there, then the next resistance is 134.995.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.