CHFJPY approaching support, potential bounce!
CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance.
ver all the market price is in down trend but now the price is going up and with buy position
according to market analysis the resistance levels and support levels could be like this
Resistance levels R1 113.40 R2 113.50 and R3 113.60
Support levels S1 113.27 S2 113.22 and S3 113.17