+1650 Points Achieved in CHFJPY from the higher low of an uptrend line

CHFJPY Analysis

CHFJPY is moving in an uptrend by forming higher highs and higher lows in the 1-hour timeframe chart.

CHFJPY reached the higher low level of an uptrend line. In another view, CHFJPY hits the previous resistance level which acts as new support now.

After the confirmation of uptrend movement, the CHFJPY Buy signal is given.

chfjpy hits the higher low level of uptrend line in 1hr

CHFJPY has reached the take profit target successfully.

Eurozone posted weaker Industrial Production than expected.

swiss national bank with flag

Swiss Franc made higher after Swiss national bank committed there is no further Forex intervention by SNB.

And this creates a positive for the Swiss Franc to move higher.

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