CHFJPY Technical analysis on H1 timeframe
Publish Date : 2019/08/27 - 07:35

CHFJPY Technical analysis on H1 timeframe:


In this analysis we address two safe havens.that is,swiss franc and Japanese Yen.we are putting these two safe havens on the radar because there has been some fluctuations in the market lately.

It seems that the odds are in CHFJPY bears’ favor as the pair has retested 108.40 level.

This level has been a strong support level all August but it seems that It was broken this past week and it may turn into a resistence level now.

Given the level,Fibonacci retracement level and stochastic indicator signaling overbought,it seems like a good opportunity to sell the pair.
Source:Babypips

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