June 21st CHFJPY closed above the ascending channel at the resistance at a price of 109.894. Heikin Ashi candles show the 21st candle closing above the channel. Today June 23rd price opened above the channel at 109.846 confirming the breakout above the ascending channel causing a steeper slope to the uptrend. MACD shows promising upside potential as buying power crossed on June 20th two days after price hit the bottom of the channel. RSI is above average strength but still well away from being overbought.
-LNP Investments
-LNP Investments