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Business / Finance

Technical analysis CHF/JPY 15.08.2017

MQL5: Blogs Traders 15.08.2017 at 08:06

Blogs traders and analyst of financial markets

The latest technical analysis pairs Swiss franc/yen shows that the breakdown of marks 115 down, which had previously been a key level of resistance with the increase in back quotes in the same range with the boundaries of 115-112.500. On the eve of the currency pair is modified to its lower bound, which at this stage acts as immediate support.

As you can see, beginning today, local rebound confirms the presence of a demand, which can deter sellers. If the current support holds out, in the short term we can expect a consolidation of prices in the range described attempts to rise to around 115.

In case of breaking the mark 112.500 quotations will be opened the road to the South with the prospect of a reduction in the area of HEPA, which was formed at 110. Re-return of mark 115 will promote the movement of prices to the annual maximum.