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Chf/Jpy has the potential to go up higher again
On the weekly chart we can see that the price is just below 38.2% fibonacci retracement level
for the third time - failing to break below each time
One of the reasons for this is the (still) bullish nature of the pair,
another reason is the forming of a bullish closing wedge pattern with a lower border just below the fib level
Chf/Jpy weekly chart
On the daily chart I have drawn the price action that I think will occur if the lower border
of the ab…
On the weekly chart we can see that the price is just below 38.2% fibonacci retracement level
for the third time - failing to break below each time
One of the reasons for this is the (still) bullish nature of the pair,
another reason is the forming of a bullish closing wedge pattern with a lower border just below the fib level
Chf/Jpy weekly chart
On the daily chart I have drawn the price action that I think will occur if the lower border
of the ab…