CHFJPY Reversed Nicely Off Resistance, Potential For A Drop!
CHFJPY reversed nicely off its resistance at 110.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop to its support at 109.70 (78.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (21, 5, 3) is approaching its resistance at 92% where a corresponding reaction could occur.
Stochastic (21, 5, 3) is approaching its resistance at 92% where a corresponding reaction could occur.
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