CHFJPY Chart Technical Outlook offers better entry for bulls on buying dips, 168.70-eyed
CHF/JPY’s broad bias is bullish. Prices have stalled below yesterday’s high. Bearish divergence on RSI in the intraday charts could weigh on the pair. A corrective pullback toward yesterday’s low at 168.70 is possible. 168.50 is a prime barrier, confluence support of a 50% Fibo retracement level, and a previously broken resistance-turned-support. Resistances are located at 169.65 and 170.30.
