"Traders Take Note! CHF/JPY Approaching Critical Levels"

25 mar

CHF/JPY Technical Analysis

Key Resistance in Focus

CHF/JPY is currently testing a strong resistance zone around 171.35, which has historically acted as a rejection area. A breakout above this level could signal further bullish momentum, while a rejection may lead to a pullback.

Support and Moving Averages

The support area around 168.75–168.50 aligns with the 50-period moving average, which has provided dynamic support. If price retraces, this zone could act as a potential rebound point.

Potential Scenarios
- Bullish Breakout: A clear break and close above 171.35 could drive prices towards 172.50 and beyond.
- Bearish Reversal: A rejection at resistance may lead to a retest of 168.75, with further downside risk toward 168.00.

Market Outlook
Traders should monitor price action at resistance for confirmation of a breakout or rejection before entering trades. Stay cautious of volatility around key levels.

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25 mar

Zlecenie aktywne

25 mar

Uwaga

29 mar

Uwaga

120 pips+ achieved, re -entry was executed from 171.200 .

31 mar

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