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CHFJPY facing bullish pressure | 14 Apr 2021

Long
Franco svizzero / Yen giapponese (FX:CHFJPY)  
FXCM Broker  
FX:CHFJPY   Franco svizzero / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns chf jpy chfjpylong
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trendanalysis harmonicpatterns chartpattern chf jpy chfjpylong
Prices are facing bullish pressure from horizontal swing low support, intersecting the ascending trendline support. Prices might push up from our buy entry to 1st resistance in line with horizontal swing high resistance in line with 100% Fibonacci extension and 127.2% Fibonacci retracement . If prices fall through buy entry, prices might take support from horizontal swing low support in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . EMA is also below prices, showing a bullish pressure for prices.
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