YGForex

CHFJPY Bullish Uptrend Movement!!!

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FX:CHFJPY   瑞士法郎 / 日圓
What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it bulls. Therefore, as you trade CHFJPY, remember to place your SL well .

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