RLinda ! CHFJPY-> Price is going to break Resistance

2 Eyl 2022

CHFJPY Is in a consolidation phase. Volatility is declining, the price continues to test the limit resistance level 143.315, but at breakdown of this zone ahead there is a level 143.75, from the first time it will be difficult to break through and possible scenarios of a rollback of the price.

On the chart we see an upward price channel, false-breaking support and multiple retests to the limit resistance level 143.315. The mood on the market is bullish.

I assume that in the near future (either at the nearest retest, or after a pullback) we will be able to see a breakdown of the limit zone. Short-term objective in case of breakdown - resistance 145. Target in case of price rebound to support and in case of the subsequent growth - resistance 143.75.

Sincerely R. Linda!