FX.co ★ CHF/JPY

Hello everyone. The price of the CHF/JPY currency pair is in an uptrend on the weekly timeframe. On the daily timeframe it is already getting ready to break through the 200 EMA moving average line. And on the four-hour timeframe the price is trading below the 200 EMA, but is rising. Despite the fact that on the weekly chart the price is in an uptrend, it is clear that on the four-hour chart the price is already in a decline. Even if there is a chance of growth, it may be only as a correction. The price is falling, and the technical analysis indicator is also suggesting selling. Here the price may rise up to the 200 EMA and from there continue to move down. Wishing everyone a successful week.