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14 Apr 2015
CHF/JPY hovering near a sustainable trend-line – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team views that CHF/JPY technicals and the recent price action implies a good time to enter the market.
Key Quotes
“After the CHF-major event in January the Swiss currency versus the yen the price came back very close to the sustainable trend line. These levels around the trend lines may give traders chances to enter the market.”
“The two different moving averages are very close to each other which shows that a strong movement in price action might following.”
“Support Levels around 120.00, 114.18, 111.15”
“Resistance Levels around 125.25, 148.31”
Key Quotes
“After the CHF-major event in January the Swiss currency versus the yen the price came back very close to the sustainable trend line. These levels around the trend lines may give traders chances to enter the market.”
“The two different moving averages are very close to each other which shows that a strong movement in price action might following.”
“Support Levels around 120.00, 114.18, 111.15”
“Resistance Levels around 125.25, 148.31”