CHFJPY Trades Through Our 147.50 Targets

Fri 14th April 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

• CHFJPY
• EURUSD (Covered in Video)
• EURNZD (Covered in Video)
• NZDCHF (Covered in Video)

Today we’re looking at Trading Setups in: CHFJPY, EURUSD. EURNZD & NZDCHF (Covered in Video)

In a recent video update we discussed CHFJPY long opportunities to target 147.50 and 148.50.

Price has smashed through both levels and rallied 300 pips since we last spoke about the forex pair.

Now price has reached our take profit levels we can look for further long opportunities into the next resistance.

The next resistance level is 150.50, and if price were to pullback it could offer us a long from support.

Supporting levels to watch are the previous highs at 147.50 and 148.50.

Traders can look for bullish price action at these levels.

Technical Observations

• The CHF is S1 and JPY is W2 on the day traders table.
• Price reached our take profit levels of 147.50 and 148.50.
• Price could be heading to the next level of resistance at 150.50.
• If price trades back to the previous highs of 148.50 and 147.50 it could find support.
• Traders could look for bullish price action opportunities around those levels.