스위스 프랑/일본 엔
Long

CHFJPY Channel Up resuming towards 189.000

335
The CHFJPY pair is about to end a short-term consolidation, which seems to be symmetrical with the first week of May 2023. The long-term pattern is a Channel Up since December 2022 and the Higher High on that sequence was priced on the 3.0 Fibonacci extension.

As you can see the 1D RSI sequences between the two Bullish Legs fractals are very similar and we are currently on a bounce formation similar to the May 11 2023 bottom. Our long-term Target is 189.000 (just below the 3.0 Fibonacci extension).

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