Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

CHF/JPY faces strong resistance near trend line and 200- HMA, convincing break above targets 112.10

Major trend line resistance- 111.43  

CHFJPY has formed a minor bottom around 110.80 and shown a more than 50 pips jump. It hits high of 111.43 and is currently trading around 111.41.

The Pair is consolidating near 200-H MA for past three hours. Any convincing close above will take the pair to next level till 112.08/112.25 level.

On the lower side, near term support is around 111.15 (55- H EMA) and any break below targets 110.80/110.30.

It is good to buy on dips around 111.35-40 with SL around 111.20 for the TP of 112.25.   

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.