Technical Analysis of CHF/JPY for March 18, 2016
Analytics & Forecasts

Technical Analysis of CHF/JPY for March 18, 2016

18 March 2016, 14:50
Roberto Jacobs
Roberto Jacobs
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Technical Analysis of CHF/JPY for March 18, 2016

The CHF/JPY pair is expected to move lower after testing the 115.40 resistance (R1).

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


CHFJPY_INSTA


The material has been provided by InstaForex Company - www.instaforex.com

#technical analysis, CHFJPY, March 18 2016