CHF/JPY - Range opportunity
On the daily chart, the market reached the historical resistance zone and was unable to break through.
After the rejection, the market reached a support zone and then got stuck in a range.
In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
After the rejection, the market reached a support zone and then got stuck in a range.
In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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