1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

CHFJPY Conquers Important Resistance Confluence

Discussion in 'Technical Analysis' started by Kaitlin, Dec 4, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Following the ECB announcement on Thursday, CHF benefited from EUR strength and lifted CHFJPY beyond an important resistance confluence near 122.50 region. The 122.50 resistance confluence comprised of 50-day SMA, the upper trend-line resistance of a descending trend-channel formation on daily chart and 23.6% Fib. retracement level of June to[​IMG]

    Continue reading...

Share This Page