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FX.co ★ Technical analysis of CHF/JPY for March 18, 2016

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Forex Analysis

2016-03-18T08:10:55
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Technical analysis of CHF/JPY for March 18, 2016

Based on the previous analysis, the CHF/JPY pair is expected to move lower after testing the 115.40 resistance (R1) once again.

Consider holding short positions with a stop loss just above R1, targeting either S1 (114.10) or S2 (113.60) as the final target for a potential upcoming wave down.

Support: 114.10, 113.60

Resistance: 114.90, 115.40

Technical analysis of CHF/JPY for March 18, 2016

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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