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Title
CHFJPY Potential for Bullish Rise towards overlap resistance
Type
Bullish Breakout
Preference:
Looking at the H4 chart, my overall bias for CHFJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
If price breaks this level, we can likely see price pivot towards the overlap resistance. The support is where the overlap support is.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.