Emerging Rising Wedge detected on CHFJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 175.2395 and it is expected to move to 175.7551.
Because CHFJPY formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
