FX.co ★ rferry | CHF/JPY

Hello traders, By using the LRMA BB indicator on the CHFJPY pair, upper and lower levels at 184.913 and 183.921 have been identified. The indicator also includes a moving average with data at the level of 184.417 as a central component. Currently, trading of this asset is conducted at a rate of 184.392. Based on this data, a downtrend can be observed. Since the price of the CHFJPY pair is below the moving average of 184.417, selling is considered preferable. It is recommended to continue holding selling positions until the lower level of 183.921 is reached, in accordance with the lower boundary of the LRMA BB indicator. If the price continues to decrease below this level, consider opportunities for buying on a reversal to the upside. It is also important to monitor the price behavior relative to the level of 184.417. An active breakthrough to the upside would indicate the presence of a strong buyer who could change the market direction.