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CHFJPY builds new support base – Analysis – 19-10-2017
The CADCHF CHFJPY pair confirmed keeping the bullish bias domination by forming new support base around 114.50 level, to start building new positive trading as appears on chart, also, we notice the price lean on the moving average 55 to confirm the continuation of the positivity until achieving the main targets that begin at 116.25 followed by reaching 117.45 in the upcoming period.
Stochastic release from the oversold areas and rallying above 50 level eases the attempt to gather the bullish momentum to manage to resume the bullish attack and achieve our targets.
Expected trading range for today is between 114.70 and 116.25
Expected trend for today: Bullish
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