CHFJPY Hit the 1D MA200 after 1 year!

The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below):


Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023.

We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500.


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