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CHFJPY approaching support, potential bounce!

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Schweizisk franc/Japanska yen (FX:CHFJPY)  
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FX:CHFJPY   Schweizisk franc/Japanska yen
Harmonic Patterns Chart Patterns Trend Analysis CHFJPY chf jpy chfjpylong chfjpyshort Forex forextrading forexsignals
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harmonicpatterns chartpattern trendanalysis chfjpy chf jpy chfjpylong chfjpyshort forex forextrading forexsignals
CHFJPY is approaching our first support at 109.30 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 109.89 (38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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