CHFJPY growth between two strong levels
The price is in the zone between two historically strong levels.
It got into this zone after breaking through the 116.195 support level.
This happened in early December last year.
The larger TF shows that the price has already "got stuck" several times in the zone between levels.
There was a serious breakdown from 2014 to 2016.
Recently, the price touched the resistance level 117.914 and started to fall.
I expect the price to complete the decline and touch the support level of 116.195.
Then it will rise again to resistance.
The target is 117.914.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
It got into this zone after breaking through the 116.195 support level.
This happened in early December last year.
The larger TF shows that the price has already "got stuck" several times in the zone between levels.
There was a serious breakdown from 2014 to 2016.
Recently, the price touched the resistance level 117.914 and started to fall.
I expect the price to complete the decline and touch the support level of 116.195.
Then it will rise again to resistance.
The target is 117.914.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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