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CHFJPY Holds Trend-Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Jan 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    While six month old descending trend-channel resistance, coupled with 100-day SMA, confined CHFJPY up-moves during mid-December, the pair presently trades around the mentioned channel support region of 117.00 – 116.90; however, considering its bounce from the channel support, in September and November, chances of the pair's pullback to 118.90 –[​IMG]

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