Fxwirepro:sell chfjpy on rallies
Source: FxWire Pro - Technicals / 11 Feb 2019 07:42:31 America/New_York
Kijun-Sen - 109.40
CHFJPY has shown a spike till 108.68 and once shown a good recovery till 110 level.The pair is trading in narrow range between 110.04 and 109.41 for past three trading day. It is currently trading around 109.77.
The near term resistance is around 110 and any hourly close above confirms minor bullishness ad a jump till 110.31/111 is possible.
On the lower side, minor support is around 109.40 and any break below target 109.10/108.80/108.20 (61.8% fib).
It is good to sell on rallies around 109.85-90 with SL around 110.35 for the TP of 109.12/108.80.© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.