LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

CHFJPY reversed from combined 114.250 resistance area; Likely to fall to 113.500

CHFJPY recently reversed down from the combined resistance area lying between the key resistance level 114.225 (which has been reversing the price from the middle of January, as can be seen from the daily CHFJPY chart below) and the upper daily Bollinger Band. Given the strongly bearish Swiss franc sentiment seen today, coupled with the overbought reading on the daily Stochastic indicator – CHFJPY is likely to extend the losses toward the next support level 113.50.

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.