CHFJPY bounced off support, potential for further rise!
CHFJPY bounce off our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, Elliot wave structure) where price might potentially rise to its first resistance at 110.66 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
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