A Channel Up has formed, CHF/JPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

CHF/JPY approaching resistance of a Channel Up
CHF/JPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.

Want to get full Autochartist Access including the Autochartist Market Scanner for MetaTrader, Market Report Emails,
Autochartist Mobile App, and the full Autochartist Web App?

Subscribe here: ChartViper Subscriptions
Join us on Telegram