In continuation of my previous analysis, CHF/JPYis still holding the R1 (129.31) and in addition formed the
Doji reversal candle right at that resistance level. Today, the low edge of
the Doji candle has been broken signaling potential weakness
that we could see soon.
Consider selling CHF/JPY today while it
is near R1, targeting S2 support (126.09) area. A break above
yesterday’s high (129.77) should immediately change the direction of
the trend to the upside.
Support: 128.09, 126.09
Resistance: 129.31, 130.30, 131.29
The material has been provided by InstaForex Company – www.instaforex.com