CHFJPY: ⬆️ Buy
– CHFJPY reversed from key support level 187.70
– Likely to rise to resistance level 192.15
CHFJPY currency pair recently reversed up from the support zone between the key support level 187.70 (low of wave i from the middle of September) and the lower daily Bollinger Band.
The upward reversal from this support zone formed the daily Double Bottom, stopping the downward impulse from the top of wave ii at the end of September.
Given the strength of the support level 187.70 and the bullish divergence on the daily Stochastic oscillator, CHFJPY currency pair can be expected to rise further toward the next resistance level 192.15 – former support from the start of August, which also stopped wave ii at the end of September.
 and the lower daily Bollinger Band.){kind=link}