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Mon, Apr 15, 2024

+1778 points achieved after breaking the multi-year resistance on CHFJPY
2 mins well spent

Multi-year Resistance Breakout

After 4 years, CHFJPY has broken this multi-year resistance level in the weekly timeframe chart. 

In the 4-hour timeframe chart, CHFJPY has broken the resistance level after a long time.

It has given Double confirmation in both higher and smaller timeframes chart.

CHFJPY broken the resistance level after a long time

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

CHFJPY has reached the take profit target successfully.

chfjpy 1778 points reached in buy signal

A Big Bull run started

As per our previous CHFJPY Breakout analysis, we recommend our users to buy and hold CHFJPY for the long term (click here to see).

A big bull market run

A big move is started on CHFJPY.

Hold the CHFJPY for the long term.

US Dollar posted a more substantial gain against the Japanese yen after CB consumer confidence rose to 121.7 in April from 109 in March.

Bank of Japan left interest rates unchanged at -0.1% and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%.

And Retail sales increased by 5.2% on YoY, but inflation overcomes these numbers.

Japan Retail sales increased by 5.2

Japanese Government concentrate on Businesses to close to avoid the spread of Covid-19 and put down more restrictions in Tokyo, Osaka.

Japanese yen hurt more against Major currency pairs like US Dollar, GBP, EUR, CHF, AUD and NZD dollar.

We are expecting a very big bull move on CHFJPY soon.

Reason: CHFJPY market has broken the Multi-year resistance level after 4 years.

Catch this big bull now to hold your profits for the long term.

Catch the bull market move

Trade forex market only at the confirmed trade setups.

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