CHFJPY: ⬆️ Buy – CHFJPY reversed from key support level 192.55 – Likely to rise to resistance level 194.00 CHFJPY currency pair recently reversed from the support zone between the key support level 192.55 (which has been reversing the price.

CHFJPY: Buy

– CHFJPY reversed from key support level 192.55

– Likely to rise to resistance level 194.00

CHFJPY currency pair recently reversed from the support zone between the key support level 192.55 (which has been reversing the price from December) and the lower daily Bollinger Band.

The upward reversal from the support level 192.55 stopped the C-wave of the previous intermediate ABC correction (2) from the end of August.

Given the strength of the support level 192.55 and the bullish divergence on the daily Stochastic, CHFJPY currency pair can be expected to rise further to the next resistance level 194.00.