
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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On the H4 chart of USD/CHF, we have the resistance of 0.8920 since the beginning of December. It was approached several times since then but has never been broken.
Currently, the higher lows formed recently suggest that there is a potential for a bullsh breakthrough. Fundamentally, that may be an option as the USD hasn't been particularly strong these days, and CHF is a currency that may well take advantage of the dollar's weakness.
Therefore, watch for trend reversal signs in the short-term. If none appears, we are in for a bullish breakthrough. In this scenario, 0.8950 is the first upside target to be looking at, with 0.90 beaing a secondary resistance.
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
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