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- CHFJPY currency pair froze before a powerful jerk
- Oct 12 2021
- by Michael Wallenberg
- Analyst AZA
CHFJPY currency pair froze before a powerful jerk
In recent days, the position of the Japanese Yen has greatly weakened in the forex market. The Swiss franc has started to rise strongly in the forex market. The price has frozen near the level of 122.35 and cannot go further now, although the USDJPY currency pair continued its growth after a pause. The price still has an upside potential to the nearest resistance level, and according to Eliot's wave theory, there will still be a wave.
Symbol:CHFJPY
Order Type:Pending Order-Buy Stop
Entry Price at122.35
Take Profit at122.70
Pips Earning:35
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1520
USDJPY buy at the price of 113.80
GBPUSD sell at the price of 1.3560
USDCHFbuy at the price of 0.9300
The result of a trade recommendation.
Daily forex technical analysis from AZAforex
The profit can be $333.33 if the trading volume of 100000 CHF (1 Lot).
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