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Dear Partners And Traders,

As we can observe on the H4 chart of the CHF/JPY, we can clearly see that after?

strong downward movement on the CHF/JPY, the price found support on a 61.8% Fibonacci?

retracement level, bounced and is currently correcting to the upside.

We are expecting the price to continue its upward movement to approximately the?

131.80 price level, where we have a 50.0% Fibonacci retracement level, a resistance point,?

as well as the 100 Moving Average.

Therefore, we are suggesting Long positions with targets as high as 130.70, where?

price may find difficulty due to a 38.2% Fibonacci retracement level, an inside resistance?

point, as well as the 50 Moving Average and second target at the highs of 131.80.?

Stop loss can be placed at the 126.90 price area, which is slightly below the previous?

trough.

If price reaches the first target, we suggest to close half of the position and move the?

stop loss to break even

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