The Pair is trading near its high, from the past few days the pair has been consolidating. At the same level the pair had given a breakout but was not able to sustain above and within 3 days the pair corrected till the consolidation level.

The Pair is trading above the 50day EMA  which indicates a positive trend. Pair closing above the Resistance with EMA rissing will be a good confirmation to enter.

The RSI is trading in a Range, a breakout on the upside could give an additional confirmation, a breakout on the downside will suggest cautiousness to the upside.

Advice : Buy if the pair is able to sustain above the resistance zone with RSI giving a breakout on the upside

CHF/JPY

Mar 02 2022