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?
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