Chart Art: CHF/JPY Approaching Long-Term Range Resistance

CHF/JPY has been on a steady climb these days, but its rally might be cut short as it closes in on a long-term ceiling. Will we see a bounce or break from here?

CHF/JPY has been on a steady climb these days, but its rally might be cut short as it closes in on a long-term ceiling. Will we see a bounce or break from here?
GBP/USD completes bearish head and shoulders pattern. Bears approach May’s support at 1.3140 as oversold signals strengthen. GBP/USD raised alarms over a negative trend reversal after its slide below the 1.3360–1.3400 region confirmed a bearish head and shoulders pattern and cemented a bearish crossover between the 20- and 50-day simple moving averages (SMAs). With the…
Are you tired of struggling with Forex trading? The market’s ups and downs can be tough to handle. But, there’s a way to stay on top and find winning trades more often. The KAMA and AFL Winner Forex Trading Strategy is here to help. This strategy uses Kaufman’s Adaptive Moving Average (KAMA) and the AFL…
On Tuesday, LTX, a leading AI-powered fixed income trading platform backed by Broadridge Solutions, announced a strategic partnership with TransFICC, a provider of e-trading technology for fixed income markets. The company said in its press release that the collaboration aims to simplify and accelerate the onboarding process for sell-side clients, reducing operational risks and costs….
The Japanese Yen (JPY) weakened by 0.5% against the dollar, underperforming even fellow haven currencies, as markets brace for soft domestic data and upcoming US-Japan trade negotiations. With the BoJ expected to hold steady, JPY remains vulnerable to external risks and policy inertia, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Focus on data, trade, and…
Gold price attracts buyers for the fourth straight day on Friday amid some haven flows. The Fed’s hawkish stance, elevated US bond yields and a bullish USD should cap gains. Traders might also opt to wait for the release of the key US NFP report later this Friday. Gold price (XAU/USD) gains some follow-through positive…
Daily Pivots: (S1) 0.8717; (P) 0.8727; (R1) 0.8735; More… Immediate focus is now on 0.8270 support in EUR/GBP. Decisive break there will resume whole fall from 0.8863, and target 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618). However, on the upside, break of 0.8796 resistance will argue that the fall has completed…