Resistance by the middle of the last huge black candle is still on the table. Also, we’ve got a “Hammer”.
Tag - jpy - japanese yen
CHF/JPY reversed from resistance zone Next sell target - 113…
We've got a "Hammer" at the last local low, but a confirmation of this pattern is a quite weak.
Recommendation: BUY 111,95 SL 111,4 TP 113,9 TP2 117…
Recommendation: BUY 124,9 SL 1,2435 TP 127,9…
Technical levels: support – 111…
There are a "Doji" and an "Engulfing", so the price is likely going to get resistance in the middle of the last huge black candle.
Bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen; the prices keep staying in the cloudy area; strong support of horizontal Kijun-sen and Senkou Span A.
CHF/JPY reached buy target 114…
The 55 Moving Average is acting as resistance, so we've got a "Doji" and an "Engulfing" at the local high.
We've got a bullish "Hammer", which has been confirmed. Also, there's a "Doji" on the 144 Moving Average.
Narrowing bearish Ichimoku Cloud, horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud.