The CHF/JPY currency pair currently shows potential for a continued move to the upside toward resistance levels. This bullish bias is supported by a strong rejection at the demand zone, signaling renewed buying interest in the market.
In addition, the formation of a swing low accompanied by a bullish engulfing pattern further confirms the potential re-establishment of the primary bullish trend within the current price structure.
As long as price remains above key support, the outlook for further gains remains valid in the short to medium term.
Recommendation:
- Buy CHF/JPY
- Entry: 185.117
- Take Profit: 186.030
- Stop Loss: 184.452
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
