CHFJPY was identified at around 184.348 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 185.7960 level.
Because CHFJPY formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
