By: Dima Chernovolov

This technical analysis report is based upon a trade opportunity taken from Autochartist’s Market Reports.



CHF/JPY recently broke up through the upper resistance trendline of the daily Triangle chart pattern identified by Autochartist – as you can see from the following trade opportunity alert for this currency pair. The pair is set to rise to the target level 107.51 in the next 2 trading days. This forecast is aligned with the predominant uptrend that can be seen on the daily CHF/JPY charts. Autochartist sets the stop-level for this forecast at 103.1 (point A, the last connecting point of this Triangle). Point A formed recently when the pair reversed up from the combined support area (highlighted in green on the next chart below) made out of the 61.8% Fibonacci Retracement of the preceding upward leg of this Triangle (B to C) as well as the upward-sloping support trendline from January. The breakout of this Triangle coincided with the breakout of the longer-term daily Down Channel from April – which increases the probability the pair will reach the target level 107.51 in the next 2 trading days.


The following daily CHF/JPY chart shows the aforementioned technical price levels:


To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.





For further information on this and other Autochartist products visit

Comments are closed.