CHF/JPY Trading Analysis (01/04/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 EMAs. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator is out of the oversold zone.
Trading idea:
- Buy on the breach of 169.80.
- Stop-loss at 168.95.
- Price targets at 170.83 and 171.34.
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