. CHF/JPY Technical Analysis - 17 September 2022

CHF/JPY Technical Analysis – 17 September 2022

17 Sep 2022

CHFJPY Technical Analysis: Weekly Chart

CHF/JPY Technical Analysis

In the weekly charts, CHFJPY is trading in an up channel. CHFJPY is currently trading above all SMA.

RSI is in the overbought zone which indicates mild-bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 146.00 the resistance level is at 152.00

CHFJPY will trade in an up channel until there is a trend reversal. 

CHFJPY Technical Analysis: Daily Chart

CHF/JPY Technical Analysis

In the daily charts, CHFJPY is trading in an up channel. CHFJPY is currently trading above all SMA except MA (5).

RSI is in the overbought zone which indicates mild-bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 147.00 the resistance level is at 151.00

CHFJPY will trade in an up channel until there is a trend reversal.   

How to Trade CHFJPY this Week:

CHFJPY will follow the uptrend until its trend reversal. So, remain bullish on CHFJPY

TRADE SUGGESTION- BUY AT 148.73, TAKE PROFIT AT 151.25 AND STOP LOSS AT 147.25