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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.

DateMay 1, 2022 - 08:50
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 127.100, resumption of uptrend is expected.
  • We make sure when the resistance at 136.168 breaks.
  • If the support at 127.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 131.905 on 04/27/2022, so more gains maximum to Major Resistance (136.168) 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 53.

Supports and Resistances:

  1. 132.892
  2. 128.812
  3. 127.100
  4. 124.068
  5. 122.500
  6. 121.090
  7. 118.900
  8. 117.550
Click on the level to view price action history.