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Chfjpylong

Possible bullish price movement for CHF/JPY💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. CHF/JPY has been in uptrend for a while. Price has been inside this ascending channel since early May. Now price is approached support line of this channel and we believe price is going to go higher for new highs. Let us know what you think about this idea. Trade safe !
Long
by UnknownUnicorn3249870
CHFJPY Bullish Potential....Up to 400pips target!!!CHFJPY has broke out its 114.45 resistance level which now turns into a rather important strong support level for CHFJPY. Looking at bollinger bands we can see it travelling down to the middle band which I believe will be the level of rejection as current price level is retesting the broken resistance level and could potentially give us a good movement to the upside. Next crucial level will be 118 price level resistance level which we have previously see several rejections at the level. Also, from a fibonacci extension point of view 161.8 fib level will be a level to watch. Therefore, there will be slight resistance pressure when we approach closer to 161.8 fib level and resistance level @118 price level. As of now, I see a good BULLISH trade opportunity. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex