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Weekly forecast Swiss Franc / Japanese Yen technical chart
Symbol CHFJPY

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 27, 2021 - 20:42
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 120.600 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 125.50 on 11/02/2021, so more losses to support(s) 122.50, 121.80, 121.20 and minimum to Major Support (120.60) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Supports and Resistances:

  1. 120.00
  2. 118.90
  3. 118.04
  4. 117.55
  5. 116.55
  6. 115.83
  7. 114.64
  8. 113.70
  9. 112.60
Click on the level to view price action history.