empty
 
 
27.08.2015 01:03 PM
Technical analysis of CHF/JPY for August 27, 2015

Clearly, CHF/JPY is falling in a strong downtrend. The most recent support at R1 (126.17) was broken and currently the price is moving back to that area.

The Fibonacci applied to the low reached on the July 8 and the high reached on July 13 shows that 50% retracement level has been broken to the downside. It acted as resistance several times forming a strong supply area.

Consider selling CHF/JPY around 126.00 targeting 161.8% Fibs (S1 - 124.50) area today. The stop loss should be placed just above a high of 126.40, which is near the near R1.

Support: 124.50

Resistance: 126.17, 127.08

This image is no longer relevant

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback