Buyin CHFJPY

2020-01-07 15:39:45

From a technical and trading perspective, CHFJPY has tested symmetry swing support sited at 110.95 this area attracted significant buying interest, resulting in a key outside reversal candle being printed as of last night's New York close. This pattern encourages a bullish posture, as price pierces 112 in a sustained fashion bulls will look to challenge offers and stops above 112.55, a close above this level would further support the bullish thesis creating an equidistant swing objective sited at 114.40