Thursday, October 15, 2026

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FxWirePro: CHF/JPY hits fresh 1-year low, good to sell on rallies

CHF/JPY has broken yearly low 116.79 (Jan 7th low) and declined till 116.38. It is currently trading around 116.59. Short term trend is still weak as long as resistance 117.35 (trend line joining 118.92 and 117.63) holds…

By Lis Howell
1 min read
FxWirePro: CHF/JPY hits fresh 1-year low, good to sell on rallies
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CHF/JPY has broken yearly low 116.79 (Jan 7th low) and declined till 116.38. It is currently trading around 116.59.

  • Short term trend is still weak as long as resistance 117.35 (trend line joining 118.92 and 117.63) holds.
     
  • Any break above 117.35 will take the pair till 117.65/118.30 level.
  •  
  • On the lower side major support is around 116.35 and break below targets 115.60/115.
     
  • Overall trend reversal only above 120.

 

It is good to sell on rallies around 117 with SL around 117.65 for the TP of 115

 

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