CHF/JPY is in the throes of correcting the overextended W-formation’s bullish impulse. Bulls will seek to protect the upside and target the weekly objective. As per the prior analysis, CHF/JPY Price Analysis: Bulls look ahead to weekly structural target, the market has gone according to the game plan and the following illustrates what could be in store for the cross next. For a recap, the daily target was located at 117.50 and was reached. Meanwhile, the weekly objective is still in play in 118.25. We have a daily W-formation from which a correction to at least the 38.2% or a 50% mean reversion that meets the neckline of the W pattern would be expected to act as a firm support. The cross would then be expected to run higher towards the 118.25 objectives. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Daly: Not ready to pick a single number to represent maximum inclusive employment; could be dangerous FX Street 11 months CHF/JPY is in the throes of correcting the overextended W-formation's bullish impulse. Bulls will seek to protect the upside and target the weekly objective. As per the prior analysis, CHF/JPY Price Analysis: Bulls look ahead to weekly structural target, the market has gone according to the game plan and the following illustrates what could be in store for the cross next. For a recap, the daily target was located at 117.50 and was reached. Meanwhile, the weekly objective is still in play in 118.25. We have a daily W-formation from which a correction to at least the 38.2% or a 50%… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
