Hello Traders,
let’s see what the charts have for us this Wednesday
1. USD/CHF
USD/CHF has broken a key support level (0.91412)
While this may be a good selling opportunity for this pair, it may be advisable to wait for a pullback on this trade in order to maximize the risk-reward ratio if price hits the next possible support level (0.90942)
2. CHF/JPY
The CHF/JPY looks good but half baked.
Patience will be needed to see how price reacts around the 114.892 resistance level.
A rejection may simply mean price revisiting support level 114.368, and a bullish breakout may further encourage the bulls to take price to the next possible resistance level (115.571)
What say you?
ATTENTION: For those who are interested in joining our FREE trading group on Telegram, where trade ideas are discussed, which may assist your trading career while being infected by positive vibes
Smash the link: https://t.me/joinchat/FN30PxlwXbk2BcuTDdH5yg
