CHFJPY breaks through the resistance of the uptrend, which may accelerate the growth of the currency pair against the backdrop of the weakening Japanese yen.The monthly timeframe indicates a strong bullish trend. There is no resistance ahead, so growth may be unlimited. The yen continues to fall amid a strong dollar. This fact supports the Swiss franc, which has broken through the resistance structure and is ready to continue growing.
A bullish impulse is forming, confirming the breakout of resistance and the activation of a bullish pattern. After updating the maximum, the price will form a correction and may test support at 201.1 - 201.06 before continuing to grow.
Resistance levels: 201.77, 202.5
Support levels: 201.1, 201.0, 200.65
If the bulls keep the price above the upper boundary of the ascending triangle, it will confirm the market's readiness to continue its main movement.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.