FX.co ★ rferry | CHF/JPY

CHF/JPY: M15 chart. The instrument is trading above the daily pivot FPV: 199.758. The price has reached the resistance level 200.510. If the price continues to move up above this level, the nearest upside target may be the resistance level R3: 200.638. If the price continues to move above this resistance level, the next upside targets may be the resistance levels R4: 201.182, R5: 202.062. If the price goes down, the nearest downside target may be MA84 – 200.140. If the price bounces off MA84 and goes up, the upward move will continue towards the outlined targets. If the price goes below the MA84 level, the downside target may be the daily pivot level. Targets for a decline below the daily pivot may be the following support levels: W1 Sup: 199.519, yLow: 199.385, S3: 198.878, D1 Sup: 198.466.