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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.

DateSeptember 10, 2022 - 22:56
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 141.415 on 08/31/2022, so more gains to more heights 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 78.

Supports and Resistances:

  1. 136.113
  2. 134.043
  3. 131.914
  4. 127.488
  5. 125.907
  6. 122.500
  7. 118.900
Click on the level to view price action history.