Oil is testing support
The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
CHF/JPY: how to trade in a range
Information is not investment advice
CHF/JPY has been consolidating within a pennant formation since February. The pair is currently at the support levels. Stochastic Oscillator on H4 shows that it’s oversold. As a result, it’s possible to expect the CAD turn higher aiming at the top of the trading range around 111.80/90.
Elizabeth Belugina
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