EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
CHF/JPY reached long-term resistance
Information is not investment advice
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85. The pair has already violated the short-term support line from October lows when it slipped below 108.60. The further decline below the 50-day MA at 108.35 will bring it down to the 108.00 area. Only the rise above 108.85 will open the way up to the 109.35/50 area.
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
It’s simply the question of time before gold price gets to the higher levels…