CHFJPY facing bullish pressure | 8th Apr 2021

CHFJPY facing bullish pressure | 8th Apr 2021 for FX:CHFJPY by FXCM

CHFJPY facing bullish pressure | 8th Apr 2021



Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension . Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension . If prices fall through ascending trendline, prices might take support from 2nd support which is in line with swing low support, 78.6% FIbonacci retracement and 161.8% Fibonacci extension . The Ichimoku cloud is also below prices, showing a bullish pressure for prices.

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