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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.

DateJanuary 9, 2022 - 12:07
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 122.500, resumption of uptrend is expected.
  • We make sure when the resistance at 127.160 breaks.
  • If the support at 122.500 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 127.10 on 01/04/2022, so more losses to support(s) 125.51, 124.50, 122.75 and minimum to Major Support (122.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

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.